Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 42 - No. 42)
Which of the following transactions result in a decrease in a company's assets?
Purchasing equipment for cash.
Receiving cash from customers.
Paying a supplier with cash.
Selling goods on credit.
Explanation
When you purchase equipment with cash and when you pay a supplier with cash, you have a decrease in the assets.
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