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Which of the following transactions would have no effect on total assets, total liabilities, or owners equity? O A. purchasi

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Answer #1

Answer is A..

Becoz hwen you purchase supplies on credit your P & L gets debited and liability decreases and on the other hand your creditors increase, so net effect total liability will be same as before.. whereas in other cases either total asset or liability will change so the answer is A.

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