Question

Paid a creditor by cash would result in
A. Increase in a liability and increase in an asset
B. Increase in a liability and decrease an asset
C. Increase in an asset and decrease in an asset
D. Decrease in an asset and decrease in a liability

Answer 1

Answer:

I think the answer is d

Explanation:

you pay debts in cash, cash is an asset so your assets decrease and debt is a liability so when you pay, your debt also decreases