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The payment to a creditor will?
  • a)
    Increase one asset and decrease another 
  • b)
    Decrease an asset and decrease owner’s equity 
  • c)
    Increase an asset and increase a liability
  • d)
    Decrease an asset and decrease a liability 
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The payment to a creditor will?a)Increase one asset and decrease anoth...
Payment to a creditor means increase in assets and decrease in liability. Decrease in assets and decrease in liability. Decrease in assets and increase in liability.
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Most Upvoted Answer
The payment to a creditor will?a)Increase one asset and decrease anoth...
's equityc)Decrease one liability and decrease owner's equityd)Increase one liability and decrease another liability
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Community Answer
The payment to a creditor will?a)Increase one asset and decrease anoth...
Because when we pay to a creditor our firm assets are debited and liability are also less(decrease)
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The payment to a creditor will?a)Increase one asset and decrease anotherb)Decrease an asset and decrease owner’s equityc)Increase an asset and increase a liabilityd)Decrease an asset and decrease a liabilityCorrect answer is option 'D'. Can you explain this answer?
Question Description
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