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Business, 10.06.2021 14:00 shira35

DAN Enterprise purchased a building at the cost of RM250,000. The purchase was paid RM50,000 in cash and the remaining RM200,000 is on
account. Based on these transactions, what are the effects of these
transactions on the accounting equation?

RM250,000 increase in asset; RM250,000 increase in owner's equity
RM200,000 increase in asset; RM200,000 increase in owner's equity
RM200,000 increase in asset; RM200,000 increase in liability
RM250,000 increase in asset; RM250,000 increase in liability​

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Answers: 2

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