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The company purchases equipment with its cash. the Assets will?

1. Increase

2. Decrease

3. No Effect

Accounting Financial Accounting Banking Accounting and Finance
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Question added by Imdad Hussain Rajput , Assistant Sales Manager , Forego
Date Posted: 2015/08/02
Upvote (0) Views (7) Followers (2) Answers (2) Report Question
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Mehboob M Yaqoob
by Mehboob M Yaqoob , Payroll Supervisor , Boutiqaat Group

no effect on total assets, since one asset will decrease and other asset will increase in same amount.

Mehboob Ali Laghari
by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union

Since both, cash and equipments are form of assets... Your assets will increase while cash will decrease

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