Which of the following would be the transaction which decreases both the assets and the liabilities? (a)
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Which of the following would be the transaction which decreases both the assets and the liabilities?
(a) A vehicle was acquired paying £32,000
(b) A loan of £25,000 was settled
(c) Goods were purchased for sale from Orlando Ltd for £12,800
(d) Received a cheque for £5,850 from a credit customer
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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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