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
Answer is D
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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
Answer is D