A question from accounting an introduction chapter..
This query is : Resolved
30 November 2014
pg 1.44cpt textbook qur no 2.(iv)
decrease in amount of trade payable results in...
a)increase in cash
b)decrease in bank overdraft a/c
c)decrease in assets
d)no change in assets
correct ans is given as option no c)
how is it?
I think ans shud be a)
30 November 2014
How can CASH get increased once you pay TRADE PAYABLE? Can you please explain your view of looking at it?
01 December 2014
IT IS c due to when current liability reduce and then asets will reduce.
you pay the creditors from bank or cash.
you pay the creditors from bank or cash.
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