Question

Which of the following is an example of increasing both current liability and use assets?
a.
paying off car loan and investing money in retirement fund
b.
paying down mortgage and putting money in savings
c.
selling a motorcycle to pay off a debt
d.
trading in an old car for a newer car and financing the balance


Please select the best answer from the choices provided

A
B
C
D

Answer 1

b is the answer bro........

Answer 2

b is the answer because assets are decreasing.