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Accounting Equation — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAccounting Equation1 Mark
MCQ
Payment to a creditor means:
  • A
    Increase in asset and decrease in liability.
  • ✓
    Decrease in asset and decrease in liability.
  • C
    Decrease in asset and increase in liability.
  • D
    Increase in asset and increase in liability.
✓

Answer

Correct option: B.
Decrease in asset and decrease in liability.
Decrease in asset and decrease in liability.

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