Which of the following transactions would decrease the cash by RO 5000 and decrease liability 5000? a. the business sold goods to the customer worth RO 5000 and the customer promised to pay later b. the business repaid the loan of RO 5000 which was borrowed in the last month c. The business borrowed loan of RO 5000 d. The business gave loan of RO 5000

Which of the following transactions would decrease the cash by RO 5000 and decrease liability 5000? a. the business sold goods to the customer worth RO 5000 and the customer promised to pay later b. the business repaid the loan of RO 5000 which was borrowed in the last month c. The business borrowed loan of RO 5000 d. The business gave loan of RO 5000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4MC: A car dealership sells a car to a customer for $35,000. The customer makes a 10% down payment, and...

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