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What does have the effect of transaction on the pharmacy

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Reference no: EM132499322

Question 1: A pharmacy purchases some medicine on an account. What does have the effect of this transaction on the pharmacy's balance sheet?

Option 1: Assets Decrease, Liabilities Decrease

Option 2: Assets Decrease, Net Asset Decrease

Option 3: Assets Increase, Liabilities Increase

Option 4: Assets Increase, Net Assets Increase

Reference no: EM132499322

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