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LoginOne transaction showing decrease in liabilitg and increase in capital
Business Studies Secondary School in Business Studies 1 year ago
creased therebyincreasing ASSETS. At the same time, capital is INCREASED as aresult of the INCOME (Service Revenue). ... This increases the company's Office Supplies, part of the company's assets. THEPURCHASE results in an OBLIGATION to pay the supplier; thus a $200increase in liability (Accounts Payable).
Posted on 19 Sep 2024, this text provides information on Business Studies related to Secondary School in Business Studies. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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