Question

Increase in assets increase in liabilities example related this

Answer 1

furniture is a non current asset and trade payable is someone from whom we buy goods on credit therefore it is a liability.

therefore an example could be: Bought furniture $10000 from Mr White on credit.

Answer 2

increase in assets increases the liabilities, this statement is very true especially if the asset is complementary to to another good. For example a car as an asset requires petrol as a complement for the car to move. Increase in the number of cars as my assets means increase in the demand of petrol which is an extra expenditure thus increase of assets leads to increase of liabilities

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