Which transaction would cause one asset to increase and another asset to decrease?

a. the owner invested cash in the business.

b. the business paid a creditor.

c. the business incurred an expense on credit.

d. the business bought supplies for cash

Question

Bentley Greene

5 September, 18:53

+1

Answers (1)

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Ally Massey · Answer 1

I would personally say A, since paying a creditor wouldn't cause assets to decrease, and neither would D or C.

Which transaction would cause one asset to increase and another asset to decrease?a. the owner invested cash in the business.b. the business paid a creditor.c. the business incurred an expense on credit.d. the business bought supplies for cash