Which change recorded in the liabilities and owners equity portion of a balance sheet represents a source

Question:

Which change recorded in the liabilities and owners’ equity portion of a balance sheet represents a source of funds?

a. Increase in accounts payable

b. Decrease in long-term debt

c. Decrease in paid in capital

d. Decrease in notes payable

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...