If Mr. Ajasin paid his creditors N5000 out of N20 000 owed, what would be the effect of this transaction on the accounting equation?
-
A.
A decraese in the total asssets by N5000 -
B.
An incraese in the total liabilities and owners’ equity by by N15 000 -
C.
An increase in the total assets by N15 000 -
D.
A decrease in owners’ equuity by N5000