Multiple Choice
The following entry was recorded in the books of Brighty Company. 
What is the impact of this entry on the accounting equation?
A) an increase in Assets and an increase in Equity
B) an increase in Assets and an increase in Liabilities
C) a decrease in Assets and a decrease in Liabilities
D) a decrease in Assets and a decrease in Equity
Correct Answer:
Verified
Correct Answer:
Verified
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