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Cash Flow Statement — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyCash Flow Statement1 Mark
Question
Which of the following transactions results in increase in liabilities and also decrease in liabilities?
  1. Payment to creditors.
  2. Payment of a bank loan.
  3. A bill is accepted in payment of an open account obligation.
  4. Payment of an installment of a truck purchased on hire purchase system.
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Answer

  1. A bill is accepted in payment of an open account obligation.

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