Question: If a transaction causes an asset account to decrease, which of the following related effects may occur? A. an increase of equal amount in an

 If a transaction causes an asset account to decrease, which of

If a transaction causes an asset account to decrease, which of the following related effects may occur? A. an increase of equal amount in an owners' equity account B. an increase in a liability account C. an increase of equal amount in another asset account D. an increase in the combined total of liabilities and owners' equity If your trial balance has a higher debit balance than credit balance, it signifies A. a loss. B. a profit. C. assets are more than liabilities. D. an error has been made

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