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What is the effect on a firm for making a payment of N10,000 to creditor? its liabilities

What is the effect on a firm for making a payment of N10,000 to creditor? its liabilities
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Decrease and its assets decrease
  • B Increase and its assets decrease
  • C Decrease and its asseys increase
  • D Increase and its assets increase
Correct Answer: Option D
Explanation:

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