DU Business Studies Unit (Ga Unit) Practice Questions - University Of Dhaka Business Studies Unit Admission Test (DU Ga C Unit) Exam

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Which of the following transactions results in an increase in total assets and an equal increase in total liabilities in the accounting equation?

Purchasing merchandise inventory on credit (on account) Collecting cash from accounts receivable Owner withdrawing cash for personal use Repaying a bank loan principal in cash

Correct Answer:

Purchasing merchandise inventory on credit (on account)

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