Question: Which one of the following events will decrease the cash balances of a business? The following question has more than one correct answer, you need

Which one of the following events will decrease the cash balances of a business? The following question has more than one correct answer, you need to select all of them to gain marks.

Purchase of stock on credit

Purchase of fixed assets on interest free credit

Increase in trade creditors

Interest paid on the loan

Increase in trade debtors

Creditors paid amounts owed

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