Ask Question
1 June, 03:05

The purchase of store equipment for cash reduces assets and owner's equity by an equal amount.

a. True

b. False

+1
Answers (1)
  1. 1 June, 06:21
    0
    False, increases assests
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The purchase of store equipment for cash reduces assets and owner's equity by an equal amount. a. True b. False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers