If the effect of a transaction is that it reduced both the assets and the liabilities of

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If the effect of a transaction is that it reduced both the assets and the liabilities of a business by £100,000, which of the following is that transaction likely to be:

(a) Discharge of a loan

(b) Disposal of an asset

(c) Introduction of additional capital by the owner

(d) Sale of goods

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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