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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asked Aug 20, 2023 204k views

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Tuminoid · Answer 1 · 2023-08-25T16:17:16+0000

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.

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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