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Asset source transactions result in an increase in an asset account and in one claim account (liability or equity accounts). Both assets and liabi...

Asset Source (AS): These transactions result in an increase in assets. For example, when a company receives cash from a customer for services rendered, it boosts cash (an asset) and simultaneously …

Sep 28, 2023 · An asset source transaction is a financial event that increases assets and simultaneously increases liabilities or net assets. For instance, if Treehouse purchased audiology equipment paying …

Whether you're paying rent, buying land, or borrowing a loan — these are all types of 𝒂𝒔𝒔𝒆𝒕-𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒕𝒓𝒂𝒏𝒔𝒂𝒄𝒕𝒊𝒐𝒏𝒔.

Sep 17, 2023 · When the owner invests cash into the business, it increases the cash assets of the company while simultaneously increasing the owner's equity. This transaction reflects a direct …