Mary invested cash in her new business. What effect will this have?

A) Increase an Asset and increase a Liability
B) Decrease an Asset and increase a Liability
C) Increase an Asset and increase Owner's Equity
D) Decrease an Asset and decrease Owner's Equity

Owner's Equity

The residual interest in the assets of the enterprise after deducting liabilities, representing the capital owned by the proprietors.

Asset

An economic resource owned or controlled by a person or company, expected to provide future benefits.

Liability

A financial obligation or debt that an entity owes to another that must be paid in the future, such as loans, accounts payable, or mortgages.