Question

ii) A trader makes a profit on disposal of a non-current asset. This will have the following impact on the trader’s Statement of Financial Position.
a) Decrease cash, increase capital, decrease non-current assets.
b) Increase cash, decrease capital, increase non-current assets.
c) Decrease cash, decrease capital, increase non-current assets.
d) Increase cash, increase capital, decrease non-current assets.

Answer 1

Answer:

c) Decrease cash, decrease capital, increase non-current assets.

Answer 2

Answer:

sorry i cant