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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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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

User Matheo
by
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1 Answer

3 votes

Answer:

the right is answer is B.

Step-by-step explanation:

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

User Jay Pete
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