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