Question

Payment of an account payable affects the components
of the accounting equation in the following way:
Select one:
a. increases assets and decreases liabilities
b. decreases equity and decreases liabilities
c. decreases assets and decreases liabilities
d. decreases assets and increases equity​

Answer 1

Answer:

c

Explanation:

payment means cash out flow know so assets will be decreases and as the way liability is also decreasing by the settle down of the account