When a transaction causes an assets account to increase, there is?
FINANCIAL
JAMB 1998
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
Correct Answer: B. an increase in a liability account
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