Which of the following transactions 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

Business

Carl Velazquez

27 August, 04:44

Which of the following transactions 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.

+3

Answers (1)

Know the Answer?

Terrence Allison · Answer 1

Hello there.

Which of the following transactions would cause one asset to increase and another asset to decrease?

Answer: the business paid a creditor.

Option B)

Which of the following transactions 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.

Which of the following transactions 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.