Accountancy, asked by inshayousuf295, 5 months ago

Q.1
“The company repays its bank loan”. In the light of this statement, all the given statements are
correct except one. Identify that wrong statement.
(A) There is decrease in assets
(B) There is decease in liability
(C) There is no effect on owner's equity (D) There is increase in equity

Answers

Answered by shalini1oakwood

1

Answer:

C

Explanation:

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