Salam Optical is owned by Ali Salam. Salam Optical made a partial

Question

payment on account for office furniture purchased earlier. Select the
transaction description:
a. increases an asset and increases a liability
b. increases an asset and decreases an asset
c. decreases an asset and decreases a liability
d. increases an asset and increases owner's equity
e. decreases an asset and decreases owner's equity

Answer 1

c. decreases an asset and decreases a liability