Question
A company borrows money on a line of credit.
Possible answers:
increase assets
increase equity
increase liability
decrease assets
decrease liabilities
decreases equity
Possible answers:
increase assets
increase equity
increase liability
decrease assets
decrease liabilities
decreases equity
Answers
Link
courses.lumenlearning.com/boundless-accounting/chapter/the-basics-of-accounting/
^Copy-paste this link, then go to the debits and credits section
^Copy-paste this link, then go to the debits and credits section