Answer:
No effect ( C )
Step-by-step explanation:
The purchase of an equipment on account has no effect on the equity account because purchasing equipment on account is a method of payment therefore it causes an increase in the asset of the company because equipment purchased is an asset acquired
equity accounts are made up of payments/investment money put into a business by the ownership of the business or it can come in form of residual income made from investment/business made on behalf of the company by its ownership types of such equity accounts are: preferred stocks, common stock, contributed surplus,treasury stock.
purchase of equipment will positively increase the assets account of the company.