Give an example of a business transaction that causes one asset to increase and another asset to decrease, with no effect on either

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Give an example of a business transaction that causes one asset to increase and another asset to decrease, with no effect on either

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kavitaKumari · Answer 1 · 2021-07-03T12:02:29+0000

Purchased Machinery for cash Rs. 10,000 or any other similar transaction. Here Machinery increases and cash decreases. Therefore no change happens on the total value of assets.

Give an example of a business transaction that causes one asset to increase and another asset to decrease, with no effect on either

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