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Describe a transaction that would: a. Increase both an asset and a liability. (3 marks) b. Increase one asset and decrease another asset. (3 marks)
Describe a transaction that would:
a. Increase both an asset and a liability. (3 marks)
b. Increase one asset and decrease another asset. (3 marks)
c. Decrease both a liability and an asset. (3 marks)
d. Increase both an asset and retained earnings. (3 marks)
e. Decrease both an asset and retained earnings. (3 marks)
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