Which of these effects of a single transaction on the accounting equation is not possible?
A) Increase in assets at the same time as an equal increase in equity.
B) Decrease in assets at the same time as an equal decrease in liabilities.
C) Increase in liabilities at the same time as an equal decrease in liabilities.
D) Decrease in liabilities and at the same time an equal decrease in equity.

Question

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The Answer of Which of these effects of a single transaction on the accounting equation is not possible?
A) Increase in assets at the same time as an equal increase in equity.
B) Decrease in assets at the same time as an equal decrease in liabilities.
C) Increase in liabilities at the same time as an equal decrease in liabilities.
D) Decrease in liabilities and at the same time an equal decrease in equity.

Which of These Effects of a Single Transaction on the Accounting