Accountancy, asked by oneu280, 7 months ago

Give an example that increase liability and decrease equity.

Answers

Answered by Anonymous

Answer:

Increase in share capital and increase in cash . Increase in one liability, decrease in another liability- Bills Payable issued to Creditors.ie., This will reduce one liability (Creditors) on the one hand and increase another liability (Bills Payable) on the other hand.

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