An increase or decrease in any asset,liability,owner's equity,revenue,or expense is always accompanied by an offsetting change within the basic accounting elements.

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This statement is true. Every transaction in accounting must follow the fundamental accounting equation, where assets must always equal liabilities and owner's equity. Therefore, any increase or decrease in any asset, liability, owner's equity, revenue, or expense must have an offsetting change to maintain the equilibrium of the equation. This is known as the duality principle in accounting.

An Increase or Decrease in Any Asset,liability,owner's Equity,revenue,or Expense Is