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View Full Version : The purchase of an asset

scotty134
Jun 2, 2012, 09:00 AM
The purchase of an asset on credit does what?
smoothy
Jun 2, 2012, 09:52 AM
The purchase of an asset on credit does what?

Costs you a lot of money in interest?
pready
Jun 2, 2012, 11:14 AM
Increase a liability.
paraclete
Jun 2, 2012, 05:05 PM
The purchase of an asset on credit does what?

Adds both to assets and liabilities