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What account would increase with a decrease in the inventory account?
Wiki User
∙ 14y ago
The following will increase:
Expense and Revenue Accounts
Cost of Goods Sold - Credited
Sales Revenue - Credited
Balance Sheet Accounts
Assets Accounts
Accounts Receivable or Cash depending on payment terms will be debited
Wiki User
∙ 14y ago
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Can a transaction that causes an increase in an asset also cause a decrease in another asset?
Yes. If you purchase a new desk, your furniture asset account would increase, and your cash asset account would decrease.
What transaction would cause increase and decrease asset account?
Wut r u talking about
What transaction would decrease an asset account and decrease the owner's equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What transaction would decrease an asset account and decrease the owner equity account.?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What typically doesn't have an inventory account?
Like what type of business? An accounting firm wouldn't have an inventory account. A manufacturer would have an inventory. Think of it as if a company is selling a product as opposed to services they would generally have an inventory account.
Can a transaction that causes an increase in an asset also cause a decrease in another asset?
Yes. If you purchase a new desk, your furniture asset account would increase, and your cash asset account would decrease.
What transaction would cause increase and decrease asset account?
Wut r u talking about
What transaction would decrease an asset account and decrease the owner and equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What transaction would decrease an asset account and decrease the owner's equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What transaction would decrease an asset account and decrease the owner equity account.?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What typically doesn't have an inventory account?
Like what type of business? An accounting firm wouldn't have an inventory account. A manufacturer would have an inventory. Think of it as if a company is selling a product as opposed to services they would generally have an inventory account.
Which transaction would increase and decrease an assat?
A debit would increase and a credit will decrease .
What transaction would cause decrease and increase liability account?
A liability account is money owed by a company. Such as Accounts Payable and Notes Payable.A transaction that would increase a liability account is if you purchased an item on account. This would increase either the Account Payable or Note Payable accounts.A transaction that would decrease these are actual payments you make to the person/company you owe, hence lowering the balance of how much is owed.For example, I purchase a truck costing $15,000, that transaction has increased my liability in notes payable. Once I begin making payments on that truck, each of those payments will decrease the liability.
Does a credit to a liability account increase or decrease amount owed?
It increases the amount owed, because creditors would be credited
The transaction would increase an asset account and increase a liability account?
The transaction would increase an asset account and increase a liability account?
The adjustment to record inventory shrinkage would increase merchandise inventory?
yes
When an ice cube changes into a liquid would it require an increase or decrease?
increase or decrease in what?
