bibhubratipradh bibhubratipradh
  • 26-06-2016
  • Arts
contestada

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

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Johhnyboii
Johhnyboii Johhnyboii
  • 26-06-2016
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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Meochi
Meochi Meochi
  • 25-06-2018
The answer to your question is "Total asset amount remains the same"
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