Question

The accounting equation for ying company shows a decrease in its assets and a decrease in its equity. Which of the following transactions could have caused that effect?

Answer 1

Answer:

The company paid an amount due on a  credit card

Explanation:

Technically there was debt in the company's credit card which then caused a decrease in assists and equity because the company in all wasn't reliable so whatever was still getting paid  off got taken from the company's money.