Home » Accounts (Principles of Accounts) » A payment of N150 to a creditA payment of N150 to a credit A payment of N150 to a credit A. an increase in assets only B. a reduction of assets only C. a reduction in assets and liabilities D. an increase in assets and liabilities E. a reduction in the bank account Correct Answer: Option C Explanation Related Posts Which of the following is not a unit of the computer? Bosun bought goods worth N500 and sold it at a margin of 20% on selling… The public account committee is an organ of Company tax paid is debited to Which of the following is in the personal Ledger? Which of the following is used to derive missing figures in a system of incomplete…
