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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.
What transaction would cause a decrease in a liability and a increase in a liability?
Answer:This would be where one type of liability is exchanged for another liability. ExampleThe firm has accounts payable that are due. Since they are short of cash, the firm agrees with one supplier that the firm receives an extention of 2 months, with 5% annual interest.The invoice now needs to be categorized as a note payable. As a result accounts payable is reduced and notes payable increase.
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 will usually cause the liability account Accounts Payable to increase?
Purchases from vendors on credit is the main cause for increasing accounts payable account in normal course of business.
Does the magnetic field increase or decrease if the current is decreased?
An increase in an electrical current will cause magnetism to increase but a decrease in an electrical current will cause magnetism to 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.
What transaction would cause a decrease in a liability and a increase in a liability?
Answer:This would be where one type of liability is exchanged for another liability. ExampleThe firm has accounts payable that are due. Since they are short of cash, the firm agrees with one supplier that the firm receives an extention of 2 months, with 5% annual interest.The invoice now needs to be categorized as a note payable. As a result accounts payable is reduced and notes payable increase.
Why population increase and decrease?
Populations increase and decrease because people leave one country (emigration) and enter another (immigration). A rise or fall in either the birth rate or death rate in a country can also cause populations to increase or decrease.
How does temperature affect the volume of substance?
An increase in temperature will cause an increase in volume, while a decrease in temperature will cause a decrease in volume.
What cause grass to increase or decrease?
The cause of grass to increase/ decrease is how much you water it and not water it, how much sun light it gets and air.
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.
An increase in magnification causes what?
The increase in magnification cause a decrease in the field of view.
How will this effect the ecosystem as a whole?
The shrimp population will increase which will cause an increase in the squid population.
An increase in product price will cause?
the product supply increase. The quntity deman decrease
Does evaporation of salt water cause it to increase or decrease density?
The density increase after evaporation.
An increase in supply will cause?
An increase in supply will cause a decrease in demand. The value of what is being supplied would also drop.
