If one asset account is increased, then another asset account must be decreased in order for the left side of the accounting equation to be balanced. So, the correct answer is option d.
What is Accounting equations?
According to the accounting formula, a company's total assets equal the sum of its liabilities and shareholders' equity.
The basis of the double-entry accounting system is thought to be this simple link between assets, liabilities, and equity. The balance sheet is maintained by the accounting equation. That is, for every debit side entry, a corresponding credit side entry (or coverage) is made.
The fundamental accounting equation and balance sheet equation are other names for the accounting equation.
Assets and liabilities are the two main categories on the balance sheet that determine the financial status of any company, no matter how big or little. The third column of the balance sheet is called owners' equity or shareholders' equity.
To know more about Accounting equations visit:
brainly.com/question/28592096
#SPJ4
