shalondafranklin
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 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

#SPJ2

Answer Link

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