Question on: WAEC Accounting - 1989
Outstanding rent of N300 is paid by the proprietor. The effect on the balance sheet is that
A
both the liability and asset are increased
B
both the liability and asset are decreased
C
liability is increased while the asset is decreased
D
liability is decreased while the asset is increased
Ask EduPadi AI for a detailed answer
Correct Option: B
Add your answer
Please share this, thanks!
No responses