When a transaction causes an assets account to increase, there is?

Accounts - Principles of Accounts JAMB 1998

When a transaction causes an assets account to increase, there is?

  • a decrease of equal amount inthe owner's equity account
  • an increase in a liability account checkmark
  • an increase of equal amonut in another assets account
  • a decrease of equal amount in a liability account

The correct answer is: B

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