Question

Increase in assets and decrease in liablities

Answer 1

Answer:

A transaction that increases total assets must also increase total liabilities or owner's equity. A transaction that decreases total assets must also decrease total liabilities or owner's equity.

Explanation:

Answer 2

Answer:

A transaction that increases total assets must also increase total liabilities or owner's equity.

A transaction that decreases total assets must also decrease total liabilities or owner's equity.

Hope it helps :)