When asset purchased in cash ……………..
A. increase in asset – increase in liability.
B. one would double – another would double.
C. one would increase – another would decrease.
D. increase in capital – decrease in liability.
Answer:C
When asset purchased in cash ……………..
A. increase in asset – increase in liability. B. one would double – another would double. C. one would increase – another would decrease. D. increase in capital – decrease in liability.