Question

Give transaction that increase an asset and increase a liability​

Answer 1

Answer:

For example, 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

Explanation:

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Answer 2

Explanation:

For example, 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.

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