Accountancy, asked by manichman01, 9 months ago

A company pay off all its creditors. The effect of this in accounting equation is a/an (a) increase in asset and decrease in liability (b) increase in liability and decrease in asset (c) decrease in asset and decrease in liability (d) decrease in asset and increase in liability

Answers

Answered by prateekXII

2

Answer:

decrease in asset and decrease in liability

Previous Question

Next Question

Similar questions

Art, 4 months ago

accessories के महत्व को बताइए?

English, 4 months ago

How many times have the words,'This is your big surprise' been used in the play? (a) Five times (b) Once (c) Thrice (d) Twice ...

Math, 4 months ago

For the game with payoff matrix determine the type of game is : B1 B2 B3 A1 -1 2 -2 A2 6 4 -6...

Math, 9 months ago

6 times of a number is same as three time of a number obtained by adding 12 to the number find the number...

English, 9 months ago

Which noun is the herd of Deer chased by a pride of lion...

Chemistry, 1 year ago

❤ Hello mates ❤ welcome to quick Answer series 〰〰〰〰〰〰〰〰〰〰〰〰 Q. 2. What is Isotone ? ••●●■■▪▪50 points▪▪■■●●•• #Quality content #No spam 》BE ready for NEXT《...

Sociology, 1 year ago

why grow the plants ...

Physics, 1 year ago

Hello mates ^_^ ANSWER IT: What is electric current???? Follow me for more questions ^_^...