A company bought equipment and paid a part of the cost in cash, Which scenario is correct? a) Asset debit, Asset debit, Liability debit. b) Asset debit, Asset credit, Revenue credit. c) Asset credit, Asset debit, Liability credit. d) Asset credit, Asset debit, Liability debit.

When an asset is purchased asset is increased that means asset is debited in the books of account as asset is a real accout and debit what comes in.

When cash is paid that means asset is credited as it is a real accout hence credit what goes out.

For the remaining amount liability is created and as creditor is a person accout hence credit the giver i.e who gave asset on some credit

Hence the answer is :-

Asset credited ( cash ) , asset debited ( equipment ) and liability credit ( creditor ) .

Option C is correct