A company borrowed TL80,000 from a bank. What is the effect of this transaction on the accounting

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A company borrowed TL80,000 from a bank. What is the effect of this transaction on the accounting equation?

a. Liabilities increase and equity decreases.

b. Equity decreases and assets decrease.

c. Assets increase and equity increases.

d. Assets increase and liabilities increase.

e. Assets decrease and liabilities decrease.

Related Book For answer-question

Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Posted Date: May 30, 2022 04:04 AM

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A company borrowed TL80,000 from a bank. What is the effect of this transaction on the accounting

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Answer Option d Asset Increases and Liabiliti... View the full answer

Financial Accounting: A Business Process Approach

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