Paying cash for a computer system for business use would affect the following types of account:
A) Assets only
B) Both assets and liabilities
C) Liabilities only
D) Both assets and expenses

Name: Paying cash for a computer system for business use would affect the following types of account: A) Assets only B) Both assets and liabilities C) Liabilities only D) Both assets and expenses
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Question

Quizplus · Accepted Answer

Paying cash affects the Bank account, an asset. The computer system is also an asset.

Paying Cash for a Computer System for Business Use Would