Multiple Choice
Trout Co.ordered and received inventory worth $45,000 on credit.What is the effect of this transaction on the accounting equation?
A) Assets increases by $45,000 and liabilities increases by $45,000.
B) Assets increases by $45,000 and liabilities decreases by $45,000.
C) Assets decreases by $45,000 and liabilities increases by $45,000.
D) Assets decreases by $45,000 and liabilities decreases by $45,000.
Correct Answer:

Verified
Correct Answer:
Verified
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