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Which parts of the business accounting equation will change

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Problem 1: Frank introduces his van into his business. Which parts of the business' accounting equation will change?

A. Assets and capital

B. Capital and profit

C. Liabilities and assets

D. Capital and liabilities

Problem 2: Which double entries correctly record the cash purchase of plant and equipment?

A. Dr Cash: Cr Plant and equipment

B. Dr Plant and equipment: Cr Cash

C. Dr Purchases: Cr Plant and equipment

D. Dr Plant and equipment: Cr Purchases

Reference no: EM132691103

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