Question

what are the effects of the following transaction?

paying creditors in cash


a. decrease in capital and liabilities
b. increase in liabilities and decrease in assets
c. Decrease in liabilities and increase in assets
d. Decrease in assets and liabilities

Answer 1

Answer:

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Answer 2

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what are the effects of the following transaction?

paying creditors in cash

a. decrease in capital and liabilities

b. increase in liabilities and decrease in assets

c. Decrease in liabilities and increase in assets

d. Decrease in assets and liabilities