When a transaction causes an assets account to increase, there is?
AccountsJAMB UTME 1998
Question
When a transaction causes an assets account to increase, there is?Options
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
The correct answer is B.
More Past Questions:
Discussion
Other Subjects
- English Language
- Biology
- Mathematics
- Government
- Physics
- Economics
- Chemistry
- Christian Religious Knowledge
- Commerce
- Geography
- Literature In English
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- Further Mathematics
- History
- Computer Studies
- Civic Education
- Catering Craft Practice
- Data Processing
- Current Affairs
- Marketing
- Animal Husbandry
- Insurance
- Office Practice
- Yoruba
- Hausa
- Igbo
- French
- Fine Arts
- Home Economics