What is the effect on a firm for making a payment of N10,000 to creditor?…

What is the effect on a firm for making a payment of N10,000 to creditor? its liabilities
  • A.
    decrease and its assets decrease
  • B.
    increase and its assets decrease
  • C.
    decrease and its asseys increase
  • D.
    increase and its assets increase
Correct Answer: Option D
Explanation
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