After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) Increase (increase/decrease) in total liabilities or equity.
This is further explained below.
Generally, A financial transaction is an agreement or communication between a buyer and a seller to trade products, services, or assets in return for payment.
This may take the form of either spoken or written language.
Any kind of commercial transaction will always result in a shift in the respective financial situations of the parties involved, whether they be people, corporations, or both.
In the world of finance, equity refers to ownership of assets, which may or may not be accompanied by debts or other obligations.
For the purposes of accounting, equity is determined by deducting the value of the liabilities from the value of the assets.
In conclusion, An increase in total assets may be followed by a (n) rise in total liabilities or equity after putting a transaction into the accounting equation.
This may be the case depending on the direction of the transaction.
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