Question

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.

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)