What will be the effect on accounting equation when payment is-13654
What will be the effect on accounting equation, when payment is made to the creditor of the business?
This multiple choice question (MCQ) is related to the book/course
vu mgt101 Financial Accounting.
It can also be found in
vu mgt101 Mid Term - Quiz No.6.
What will be the effect on accounting equation, when payment is made to the creditor of the business?
Decrease in an asset, decrease in a liability
Increase in an asset, increase in a liability
Decrease in an asset, decrease in owner's equity
Increase in an asset, increase in owner's equity
