Question

give at least 3-4 eg of each-

increase in one asset,decrease in another asset

increase in asset,increase in liability

increase in asset,increase in owner's capital

decrease in asset,decrease in liability

decrease in asset,decrease in owners capital

please ans fast

Answer 1

obligations incurred by the business, whether from operating costs or judgments against the business. All assets of the business belong to a sole proprietor, including, for example, a computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor.