Question
When a business obtains a loan from a bank and the bank deposits the money into the business bank account, the transaction will result in
When a business obtains a loan from a bank and the bank deposits the money into the business bank account, the transaction will result in a decrease (debit entry) in an asset account and a decrease (credit entry) in a liability account. True False
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Effective Writing A For Accountants
Authors: Claire B. May, Gordon S. May
9th Edition
0132567245, 9780132567244
