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5 February, 09:16

A purchase of a vehicle for cash would have what effect on the accounting equation

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  1. 5 February, 10:38
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    It has no effect, because you are swapping one asset for another. You're increasing inventory, which is an asset, and decreasing cash, which is also an asset.
  2. 5 February, 12:25
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    The answer to your question is "Total asset amount remains the same"
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