Purchase of furniture on credit means: - Vidyadip

MCQ

Purchase of furniture on credit means:

A
Decrease in asset and increase in liability.
✓
Increase in asset and increase in liability.
C
Increase in asset and decrease in liability.
D
Decrease in asset and decrease in liability.

✓

Answer

Correct option: B.

Increase in asset and increase in liability.

Increase in asset and increase in liability.

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