156k views
4 votes
How does buying a plant asset affect general ledger accounts

User Pescuma
by
8.6k points

1 Answer

2 votes

Answer:

A plant asset will add to assets and subtract from liabilities.

Step-by-step explanation:

The general ledger holds all of the information needed to prepare financial statements and includes assets, liabilities, equity, revenue and expenses.

I hope I understood the question and that this helps.

User Fisker
by
8.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.