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maria [59]
3 years ago
10

If you borrow to buy a new car with a note, which of the following items on the balance sheet will be affected?

Social Studies
1 answer:
Zielflug [23.3K]3 years ago
7 0
Assets and debts. assets would increase due to an additional car that is and asset, and the same time the debts would increase due to an additional loan taken to buy the car. therefore balance sheet would still balance because there would be a debt entry to asset accounts and a credit entry to debtors accounts.
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