A transaction can occur which will affect only the assets side of the accounting equation.

Name: A transaction can occur which will affect only the assets side of the accounting equation.
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Question

Quizplus · Accepted Answer

A transaction can occur where an asset is purchased or sold, which will affect only the assets side of the accounting equation. For example, if a company purchases a new computer, it would increase their assets without affecting their liabilities or equity.

A Transaction Can Occur Which Will Affect Only the Assets