asked 204k views
1 vote
V. An increase in one asset, a decrease in another asset and an
increase in one liability.​

asked
User Pauloya
by
7.9k points

1 Answer

6 votes

Answer:

Due to direct relationship between asset and liability.

Step-by-step explanation:

Yes, increase in one asset will cause a decrease in another asset and an increase in one liability because of the direct relation between asset and liability and inverse relation between two asset. Direct relationship means if increase occurs in one thing or factor so the other factor also increases whereas if decrease occur in one thing or factor also decrease the other factor so if one asset is increases the liability is also increases.

answered
User Ro Yo Mi
by
7.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.