Accountancy, asked by PrachiSen, 10 months ago

point out one transaction which will affect capital only

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Answered by PiyushSinghRajput1
3

The company's asset Accounts Receivable will decrease and its asset Notes Receivable will increase. ... Here are some transactions that will affect only the right side of the accounting equation. ... A current liability Dividends Payable is created and the Retained Earnings

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