Which of the following is true when a debtor pays his dues? Options: A . &nbspThe asset side of the balance sheet will decrease B . &nbspThe asset side of the balance sheet will increase C . &nbspThe liability side of the balance sheet will increase D . &nbspThere is no change in total assets or total liabilities

Which of the following is true when a debtor pays his dues?

Question

Which of the following is true when a debtor pays his dues?

Options:

A . The asset side of the balance sheet will decrease

B . The asset side of the balance sheet will increase

C . The liability side of the balance sheet will increase

D . There is no change in total assets or total liabilities

Answer: Option D

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