The effect of the payment of liability is that it
...The effect of the payment of liability is that it
Increase both assets and liabilities
Increase assets and decrease liabilities
Decrease assets and increase liabilities
Decrease both assets and liabilities
Correct answer is D
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock:} & \\ \text{- raw materials} & 6...
The acid test ratio in the company is ...
Which of the following affects the accuracy and authenticity of trial balance? ...
Which of the following has a debit balance at the end of the year? ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
Which of the following does not lead to depreciation assets? ...