A question from accounting an introduction chapter..

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Prajwal Pramod Shewatkar (Querist)
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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)

Amol S Joglekar

Amol S Joglekar (Expert)
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30 November 2014 How can CASH get increased once you pay TRADE PAYABLE? Can you please explain your view of looking at it?

Rupesh Jain

Rupesh Jain (Expert)
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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.

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