Question

Payment to creditors in cash will affect
1 point
O Only liability side of the equation
O Asset and Liability both
O
Only capital side of the equation
O Only assets side of the equation​

Answer 1

Answer:

Asset and Liability both

Explanation:

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Answer 2

Answer:

assets and liability both

Explanation:

see cash is an asset and through payment it will going to decrease

and liability is creditors which will also going to decrease as we r paying them

SO IT WILL AFFECT BOTH ASSETS AND LIABILITY STATUS OF BALANCE SHEET