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A purchase of a vehicle for cash would have what effect on the accounting equation

A purchase of a vehicle for cash would have what effect on the accounting equation
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4 votes
A purchase of a vehicle for cash would have what effect on the accounting equation

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User Pkluz
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2 Answers

3 votes
The answer to your question is "Total asset amount remains the same"
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User Dag Wieers
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1 vote
It has no effect, because you are swapping one asset for another. You're increasing inventory, which is an asset, and decreasing cash, which is also an asset.
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User Nate
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