The Following Entry Was Recorded in the Books of Brighty

question 181

Multiple Choice

The following entry was recorded in the books of Brighty Company. ​ What is the impact of this entry on the accounting equation?

• A) an increase in Assets and an increase in Equity
• B) an increase in Assets and an increase in Liabilities
• C) a decrease in Assets and a decrease in Liabilities
• D) a decrease in Assets and a decrease in Equity

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Definitions:

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