1.If a transaction causes an asset account to decrease, which of the following related effectes may occur?

a. An increase of equal amount in an owner's equity account

b. An increase in liability account

c. An increase of equal amount  in another asset account

d. An increase in the combined total of liabilities and owner's equity

2.Transactions are recorded in the journal in:

a. Numerical order

b. Chronological order

c. Account number order

d. Financial statement order

3. If a journal entryrecognises revenue, the other part of the entry might:

a. Increase an asset account

b. Increase a liability account

c. Decrease an asset account

d. Increase the drawing account