Question: Which statement about transferring funds between two asset accounts is true? A. You credit the account that is increasing and debit the account that is

  1. Which statement about transferring funds between two asset accounts is true?

A.
  1. You credit the account that is increasing and debit the account that is increasing.
B.
  1. You debit the account that is increasing and credit the account that is decreasing.
C.
  1. You credit both the account that is increasing and the account that is decreasing.
D.
  1. You debit both the account that is increasing and the account that is decreasing

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