Answer :
The above statement with regard to the assets is true.
What is assets?
An asset is any resource that a person or institution holds that have monetary worth. It is owned by the corporation with a view to the future. It can be any type of property, including money, land, and currency.
An asset comprises items such as stock, also known as inventory, which aids in the generating of income. Expense is the company's responsibility, and it must be paid off in order for the firm to continue smoothly.
When two asset categories are modified in a transaction, an increase and a drop must occur. Therefore, it can be concluded that the above statement is true.
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