When a transaction causes an assets account to increase, there is?
a
a decrease of equal amount inthe owner's equity account
b
an increase in a liability account
c
an increase of equal amonut in another assets account
d
a decrease of equal amount in a liability account
Explanation
Correct Option
bNo explanation available
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Samuelsonuga
4 years ago
This question to my own understanding is take from this equation
Assset=capital+liability
From this equation one can determine that an increase in Asset Will cause an increase in capital and liability
Generally this equation follow all mostly accounting theory
And also note that capital is constant it does usually increase that is why capital is not in the option
So the answer is b
