What is the effect on a firm for making a payment of N10,000 to creditor?…

Accounts - Principles of Accounts WAEC 2001

What is the effect on a firm for making a payment of N10,000 to creditor? its liabilities

  • decrease and its assets decrease
  • increase and its assets decrease
  • decrease and its asseys increase
  • increase and its assets increase checkmark

The correct answer is: D

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment