aruntmg221
Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

furniture purchase for cash in accounting equation​

Sagot :

zihinakil

Answer:

When he purchases Furniture.... cash will decrease and Furniture comes in.. so one asset decreases and another asset increases.. there will not be any affect in the liability side of accounting equation

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.