After conducting a financial transaction, a company's accounting staff records a $1,000 decrease in a particular asset. In order

Question

3 years ago

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After conducting a financial transaction, a company's accounting staff records a $1,000 decrease in a particular asset. In order

for the accounting equation to balance, the accounting staff must also record which of the following things?A :a $1,000 increase in stockholder's equityb. a $1,000 increase in a different assetC :a $1,000 increase in a particular liabilityD :a $1,000 decrease in a different asset coupled with a $1,000 increase in a particular liability

Mathematics

1 answer:

AlexFokin [52] · Answer 1 · 2022-05-01T19:10:43+03:00

Answer:

Option B - a $1,000 increase in a different asset

Step-by-step explanation:

After conducting a financial transaction, a company's accounting staff records a $1,000 decrease in a particular asset.

In order for the accounting equation to balance, the accounting staff must also record - a $1,000 increase in a different asset.