Sail E0 Webinar
Question
Payment of expenses in cash will ___ the assets
Options:
A .  Increase
B .  Decrease
C .  Overstate
D .  It will remain unaffected
Answer: Option B
:
B
Paymentof expenses in cash would result in a decrease in cash i.e. assets of the business.

Was this answer helpful ?

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers