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How do decrease cash and increase items in home

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Question 1: In Principles of accounting T Accounts. How do you enter $200 worth of jewelry purchased with cash? Do You decrease cash and increase Items in Home? Does it affect the NetWorth?

Reference no: EM132472145

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How do decrease cash and increase items in home : In Principles of accounting T Accounts. How do you enter $200 worth of jewelry purchased with cash? Do You decrease cash and increase Items in Home?
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