John buys a dinner as a gift for Claire's birthday with the Mastercard he got from...
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John buys a dinner as a gift for Claire's birthday with the Mastercard he got from CBA. The restaurant owner is banking with NAB. Which of the following statements is NOT correct? A. The restaurant owner pays fees to NAB to use the machine for processing mastercard payments. B. The restaurant's bank transactional account at NAB increases. C. John's equity decreases. @D. D.John's debt towards NAB increases. John buys a dinner as a gift for Claire's birthday with the Mastercard he got from CBA. The restaurant owner is banking with NAB. Which of the following statements is NOT correct? A. The restaurant owner pays fees to NAB to use the machine for processing mastercard payments. B. The restaurant's bank transactional account at NAB increases. C. John's equity decreases. @D. D.John's debt towards NAB increases.
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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