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

A. decrease and its assets decrease
B. increase and its assets decrease
C. decrease and its asseys increase
D. increase and its assets increase

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Correct Answer: Option D

Explanation

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

Correct Answer: Option D

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