Question
What would be the affect on the components of the accounting equation, if goods are purchased on cash? A) Increase in cash and decrease in
What would be the affect on the components of the accounting equation, if goods are purchased on cash?
A) Increase in cash and decrease in equity
B) Increase in cash and increase in goods
C) Increase in goods and decrease in cash
D) Increase in equipment and increase in equity
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Financial Accounting
Authors: Jamie Pratt, Michael F Peters
11th Edition
1119745322, 978-1119745327
