The owner of a business transferred her private car into the business for use by her staff.
Question:
The owner of a business transferred her private car into the business for use by her staff.
The effect of this transaction would be:
(a) Decrease owner’s capital and increase assets
(b) Increase owner’s capital and increase assets
(c) Decrease assets and decrease liabilities
(d) Increase assets and increase liabilities
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b Increase owners ...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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