A short question !

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Kind of confused by this, can anyone guide me?

Cheryl took out $500 from the business bank account and put it into the cash till in the office.
What is the effect of the transaction on the accounting equation?
 

Steve-LevelUp

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What do you think the impact is? How is the accounting equation changed? what would the entry be for that transaction?
 

Fidget

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I think Cheryl has a shoe buying problem. She's spent the money in the till and took it out of the bank account to put back in the till hoping nobody will notice. :D
 

Becky

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I think Cheryl has a shoe buying problem. She's spent the money in the till and took it out of the bank account to put back in the till hoping nobody will notice. :D
Haha! :D
 

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