Question 0

If Odukoya takes money out of business bank account for his own private use, the effect of the transaction is?

  • A.increase in assets and increase in capital
  • B.increase in assets and decrease in capital
  • C.decrease in capital and increase in assets
  • D.decrease in capital and decrease in assets
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2009
Question no.
#0
Type
Objective

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