What is the impact on the accounting equation when a payment of account payable is made? A.

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What is the impact on the accounting equation when a payment of account payable is made?
A. Both sides increase
B. Both sides decrease
C. Only the Asset side changes
D. Neither side changes

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 09, 2022 11:55 PM

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What is the impact on the accounting equation when a payment of account payable is made? A.

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Principles Of Accounting Volume 1 Financial Accounting

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