asset
Cash is an asset. It could also be part of what makes up an owner's equity.
Purchase an asset on cash will increase the purchased asset while reduce the cash amount and no impact on liability or equity section.
asset equity
asset liability
asset
Cash is an asset. It could also be part of what makes up an owner's equity.
Purchase an asset on cash will increase the purchased asset while reduce the cash amount and no impact on liability or equity section.
asset equity
asset liability
Decrease asset; since repurchase is with cash, whis is an asset Decrease equity; if repurchased stock is not to be reissued, it is declared void and the number of outstanding assets is decreased. Hence, equity is decreased.
A shift in assets would not affect liability or equity: Receive payment of an Accounts Receiveable, Purchase a Fixed Asset with Cash, move funds from Cash to Investments (Bonds, etc.).
equity
Asset.
Cash discounts are a liability.
ASSET
is an asset