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The loss of equipment in a fire disaster results in?
Classroom
Accounts - Principles of Accounts Classroom
Jamb
Jamb 2004
Principles Of Double Entry
Accounting Equation
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The loss of equipment in a fire disaster results in?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
A decrease in current assets
B
An increase in liabiities and assets
C
A decrease in assets and capital
D
An increase in liabilities and a decrease in assets
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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Accounts - Principles of Accounts
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