If a transaction causes an asset account to decrease,which of the following related effects may occur?
A)An increase of equal amount in an owners' equity account.
B)An increase in a liability account.
C)An increase of equal amount in another asset account.
D)An increase in the combined total of liabilities and owners' equity.

Question

Quizplus · Accepted Answer

A decrease in one asset account can be offset by an increase in another asset account, maintaining the balance in the accounting equation.

If a Transaction Causes an Asset Account to Decrease,which of the Following