shalondafranklin shalondafranklin

04-06-2019
Business

contestada

The company receives cash from a bank loan. - The liability account would do the following:

Question options:

A. Increase

B. Decrease

C. No effect

Respuesta :

nick101405 nick101405

04-06-2019

A: Increase hope this helps

Answer Link

swagataroy594 swagataroy594

14-07-2022

The company receives cash from a bank loan then the liability account will be Increase.

What is liability?

A bank loan will be considered as an liability for the organization as we have to pay the interest plus the amount back to the bank.
It is an act of being responsible.

Hence, loan from bank will increase the liability.

to know more refer to:

https://brainly.com/question/15312064

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