bibhubratipradh bibhubratipradh

26-06-2016
Arts

Answered

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

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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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25-06-2018

The answer to your question is "Total asset amount remains the same"

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