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

Question

Mathematics

Moran

27 July, 02:22

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

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Roy Stout · Answer 1

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.