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If a transaction causes a liability account to increase, which of these related effects may also occur? An increase of an equal amount in an
If a transaction causes a liability account to increase, which of these related effects may also occur?
An increase of an equal amount in an equity account. | ||
An increase of an equal amount in an asset account. | ||
A decrease of an equal amount in an asset account. | ||
An increase of an equal amount in another liability account. | ||
None of the above. |
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