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Homework answers / question archive /  If an individual asset is increased, then A

 If an individual asset is increased, then A

Accounting

 If an individual asset is increased, then A. there must be an equal decrease in a specific liability. B. there must be an equal decrease in owner's equity. C. there must be an equal decrease in another asset. D. none of these is possible. 
 

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Answer

C .

Explanation

As per the principal of accounting equation, whenever there is an increase in the asset It causes an equal decrease in the corresponding asset. For example, If a plant is purchased then cash decreases. So, the correct option is C "there must be an equal decrease in another asset".

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