A company has assets of 560000 and equity of 560000 it


A company has assets of 560,000 and equity of 560,000, it buys equipment with a bank loan of 76,000. What effect does this transaction have on assets/ liabilities/ and equity?

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Accounting Basics: A company has assets of 560000 and equity of 560000 it
Reference No:- TGS01413187

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