Recording a single transaction in the double-entry accounting records may Select your answer. Increase the balance on an asset account by a given amount and decrease the balance on a liability account by the same amount Decrease the balance on an asset account by a given amount and increase the balance on a liability on account by the same amount Increase the balance on one asset account by a given amount and increase the balance on another asset account by the same amount Decrease the balance on a liability account by a given amount and decrease the balance on an asset account by the same amount