What is the effect on the accounting equation when cash is paid on account? ...
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Accounting
What is the effect on the accounting equation when cash is paid on account? a An asset account decreases and a liability account decreases. b An asset account increases and a liability account decreases. c An asset account decreases and a liability account increases. d Two asset accounts are changed.
What is the effect on the accounting equation when cash is paid on account?
a An asset account decreases and a liability account decreases.
b An asset account increases and a liability account decreases.
c An asset account decreases and a liability account increases.
d Two asset accounts are changed.
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