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    Accounting Equation

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    Provide an example of a transaction that would describe the effect of the accounting equation.

    The Transaction would decrease one liability account and increase another liability account.

    © BrainMass Inc. brainmass.com June 3, 2020, 9:22 pm ad1c9bdddf
    https://brainmass.com/business/accounting/accounting-equation-179398

    Solution Summary

    An example of a transaction that decrease one liability account and increase another liability account is given.

    $2.19

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