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30 November 2014 how can a decrease in trade payable result in decrease in assets?? Cpt fundamental of accounting textbook pg no 1.44 que no 2.(iv)
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 November 2014 Trade Payable reduces when payment is made. When payment is made the bank balance or cash balance reduces. So decrease in Trade Payable results in decrease of assets.
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Rupesh Jain

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Rupesh Jain (Expert)
01 December 2014 WHE YOU MAKE PAY. TO PAYABEL THEN YOUR CASH/BANK BLA. WILL REDUCE.
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