If Odukoya takes money out of business bank account for his own private use, the effect of the transaction is?

a

increase in assets and increase in capital

b

increase in liabilities and decrease in capital

c

decrease in capital and increase in assets

d

decrease in capital and decrease in assets

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Correct Option
c

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idris2222
10 years ago

help in my learn

Queency.vivian
1 year ago

How is asset recorded on the debit side of the balance sheet

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23rd June, 2026


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20th June, 2026

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