Accountıng I Deneme Sınavı Sorusu #1313628
Which is the effect of repayment of a debt on accounts?
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Increase in both cash and debt. |
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Decrease in both cash and debt. |
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Increase in both cash and capital. |
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Decrease in both cash and equity. |
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Increase in cash and decrease in debts. |
Yanıt Açıklaması:
Dept account represents a company's obligation to pay off a short-term debt to its creditors or suppliers. It appears on the balance sheet under the current liabilities.
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