When asset of business sold on credit ……………..
A. one would increase – another would decrease.
B. increase in liability – decrease in liability.
C. increase in asset – increase in capital.
D. decrease in capital – increase in asset.
Answer:A
When asset of business sold on credit ……………..
A. one would increase – another would decrease. B. increase in liability – decrease in liability. C. increase in asset – increase in capital. D. decrease in capital – increase in asset.