Accounting · Accounting Equations
Which of the following transactions will NOT change the total value of the basic accounting equation: Assets = Liabilities + Equity?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Company revalues building upward and records surplus in revaluation reserve
- 2Company receives cash in advance for services to be rendered later
- 3Company purchases equipment by paying cash✓
- 4Owner withdraws cash for personal use (drawings)
Correct answer
Company purchases equipment by paying cash
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