Give examples of :
a) increse in asset and increase in proprietorship
b) decrease in asset and decrease in liability
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(a) When a company borrows money from a bank, the company's assets will increase and its liabilities will increase by the same amount. When a company purchases inventory for cash, one asset will increase and one asset will decrease.
(b) A business transaction may decrease the asset on the one hand and also decreases liability on the other hand.
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