If the total liabilities of a business decrease by $5000 what will be the effect on total asset?

(A) Remain constant (X)
(B) Decrease by $5000 ()
(C) Increase by $5000 (X)
(D) Increase by $10,000 (X)

Answers: If the total liabilities of a business decrease by $5000 what will be the effect on total asset  Decrease by $5000.