Question 19

Outstanding rent of N300 is paid by the proprietor. The effect on the balance sheet is that

  • A.both the liability and asset are increased
  • B.both the liability and asset are decreased
  • C.liability is increased while the asset is decreased
  • D.liability is decreased while the asset is increased
  • E.both liability and asset remain unchanged
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1989
Question no.
#19
Type
Objective

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