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Pls help
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)
Replies (2)
Its simple. 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.
Thank you sir..
I wasn't getting it from a long Time..
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