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State the effect of each of the following transactions on the balance sheet by writing increase or decrease or no effect in each case.a)Bought machinery...

      

State the effect of each of the following transactions on the balance sheet by writing increase or decrease or no effect in each case.
a)Bought machinery on credit
b)Withdrew cash from the business for personal use
c)Purchased stock in cash
d)Paid outstanding loan by cheque

  

Answers


johnson
Transaction------Effect

a)Bought machinery on credit----increase
b)Withdrew cash from the business for personal use---decrease
c)Purchased stock in cash----no effect
d)Paid outstanding loan by cheque-----decrease

johnson mwenjera answered the question on January 6, 2018 at 06:56


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