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Hargrave Professional Group performs legal services on account. What are the effects of this transaction on the balance sheet equation

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Answer: INCREASE ASSETS

Explanation: An asset is a resource which has economic value,it is owned,managed and controlled by either an individual or business entity. Assets have positive value that they increase an organization's overall resources base. Assets can be earned through services rendered by an individual or a business entity like the case of Hargrave professional group that performed a legal service on account,it will lead to an increased asset.

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