Write a transaction that will:
(a) Increase a liability and increase an asset?
(b) Increase an asset and increase Proprietorship?
(c) Decrease an asset and increase an asset?
(d) Decrease an asset and decrease in owner's equity?
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Answer:
a] plant purchase by Mohan.
b] cash brought by owner.
c] Machine purchase in cash.
d] capital withdraw by owner.
Explanation:
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