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The accounting equation for ying company shows a decrease in its assets and a decrease in its equity. Which of the following transactions could have caused that effect?
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The accounting equation for ying company shows a decrease in its assets and a decrease in its equity. Which of the following transactions could have caused that effect?

User Inbal
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1 Answer

5 votes
5 votes

Answer:

The company paid an amount due on a credit card

Step-by-step explanation:

Technically there was debt in the company's credit card which then caused a decrease in assists and equity because the company in all wasn't reliable so whatever was still getting paid off got taken from the company's money.

User Mernst
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