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4 votes
If a display rack was purchased for the store, which of the following accounts would be increased?

2 Answers

3 votes

If a display rack was purchased for the store, assets is an account that would increase. An asset is something that you own and have possession of. If a store purchases a new item, they now own the item and therefor it becomes an asset of the company.

User Anumi
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8.7k points
3 votes

The answer is Store Equipment

User Fefar Ravi
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