Increase assets, Increase liabilities c. Purchased a document scanner on account Increase assets, Increase stockholders' equity d. Borrowed cash from a bank and signed a nine-month note. 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And even for the sake of argument we consider that yes it will increase and decrease then the increase and decrease will be equal thus making no difference at all. 50000 on 31st December, 2019. Liabilities and Equity on 31st December, 2019 are Rs. Again, equity accounts increase through credits and decrease through debits. You invested in stocks and received a dividend of $500. Purchasing the car on credit will increase the total assets and total liabilities by $10,000 each. This is known as the Duality Principal. Such information can only be gained from accounting records if both effects of a transaction are accounted for. Here, both accounts increased. I am here to provide you academic study material, notes, assignments, slides and all other study materials that I can provide you in order to help you in preparing your exams and attaining success in your life. Transaction: Rent due not paid 1,000. Some of such cases include: Whenever a firm buys a stock for cash, the value of the stock increases, but at the same time, the other asset, i.e., Cash decreases by the same amount. The idea is simply to take steps to increase total current assets and/or decrease total current liabilities as of the balance sheet date. 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Accounts Vs