Accountancy, asked by harikrishnafab8620, 1 year ago

Increase in one liability and decrease in another liability transaction give

Answers

Answered by karthikjacksonp8pgyj
1
Depends on the amount..if increasing is more than decreasing...then the total liabilities increase and vice versa. In this case, the value of assets also change, like cash as a result of change in liability.
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