Which of the following transactions would cause 50,000 increase in both total assets and total liabilities of
Question:
Which of the following transactions would cause £50,000 increase in both total assets and total liabilities of a business:
(a) Acquisition of a computer for office use for £50,000 on delayed payment terms
(b) Payment of £50,000 in part settlement of a loan obtained by the business
(c) Payment of staff salary of £50,000
(d) Collection in full of a debt of £50,000 due to the business
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Ashington Waweru
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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