Because of some careless book keeping, energy corporation had some errors in their accounting. Which direct effects on the accounting equation isn't possible as a result of a single business transaction which impact only 2 accounts? A. Increase in liability and increase in asset. B. Increase in asset and decrease in another asset. C. A decrease in stocholders' equity and increase in an asset. D. Increase in asset and increase in stockholders' equity

Because of some careless book keeping, energy corporation had some errors in their accounting. Which direct effects on the accounting equation isn't possible as a result of a single business transaction which impact only 2 accounts? A. Increase in liability and increase in asset. B. Increase in asset and decrease in another asset. C. A decrease in stocholders' equity and increase in an asset. D. Increase in asset and increase in stockholders' equity

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 8TP: Analyze Trusty Companys trial balance and the additional information provided to determine the...

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