Business, 28.12.2020 07:10 greystokey

What would be the effect on the accounts if the business purchased equipment on account? OA. An asset would be debited and a Liability credited.
OB. An asset would be debited and Liability debited.
Oc. An asset would be debited and an expense debited.
OD. Expense would be debited and Liability credited.

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What would be the effect on the accounts if the business purchased equipment on account? OA. An ass...