To record an asset source transaction,an asset account would be debited and a liability or equity credited.

Name: To record an asset source transaction,an asset account would be debited and a liability or equity credited.
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Quizplus · Accepted Answer

This is correct. When recording an asset source transaction, the asset account (such as cash or accounts receivable) is debited to show an increase, and a liability or equity account is credited (such as accounts payable or common stock) to show the source of that increase.

To Record an Asset Source Transaction,an Asset Account Would Be