When asset pruchased on credit ……………….
A. increase in asset – increase in capital.
B. increase in asset – increase in liability.
C. increase in asset – decrease in capital.
D. one would increase – another would decrease.
Answer:B
When asset pruchased on credit ……………….
A. increase in asset – increase in capital. B. increase in asset – increase in liability. C. increase in asset – decrease in capital. D. one would increase – another would decrease.