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31 March, 20:10

A company pays down the account's payable account with $2000 cash. What effect does this transaction have on the asset account?

A. Increases

B. Decreases

C. No effect

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Answers (1)
  1. 31 March, 20:15
    0
    the right is answer is B.

    Explanation:

    The account decreases because when you take money you are making a debit action which produces this effect of decrease in the asset.
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