3 years ago

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

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.

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