Question 10Which one of the following increases the currentliabilities of a business entity?Select one:a. Accrued incomeb. Long-term loanc. Current portion of long-term borrowingsd. Bank (debit balance) Question 9Which one of the following accounts appears onthe credit side of a pre-adjustment trial balance?Select one:a. Fixed depositb. Interest on loanc. Bank overdraftd. Debtors control

Liabilities are know as the financial obligation or financial debt which has to payable by the…

Answered: Which one of the following increases…

Which one of the following increases the current liabilities of a business entity? Select one: a. Accrued income b. Long-term loan c. Current portion of long-term borrowings d. Bank (debit balance)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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