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    Financial Accounting Study Set 2
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    Exam 3: The Accounting Cycle: The Mechanics of Accounting
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    The Purchase of Supplies on Account
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The Purchase of Supplies on Account

Question 48

Question 48

Multiple Choice

The purchase of supplies on account


A) Increases assets and decreases liabilities
B) Decreases assets and increases liabilities
C) Increases assets and increases liabilities
D) Decreases assets and decreases liabilities

Correct Answer:

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