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ss7ja [257]
3 years ago
14

A purchase of a vehicle for cash would have what effect on the accounting equation

Arts
2 answers:
emmasim [6.3K]3 years ago
6 0
The answer to your question is "Total asset amount remains the same"
dangina [55]3 years ago
3 0
<span>It has no effect, because you are swapping one asset for another. You're increasing inventory, which is an asset, and decreasing cash, which is also an asset.</span>
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