Decrease in current liability is:

Challenger App

No.1 PSC Learning App

★

★

★

★

★

1M+ Downloads

Decrease in current liability is:

AApplication of cash

BSource of cash

CIncome

DLoss

Answer:

A. Application of cash

Read Explanation:

Paying off current liabilities reduces cash, so it is considered a use or application of cash.

Read more in App

Related Questions:

For every debit there must be a/an

If stock is undervalued the effect will be

--------is created for the replacement of fixed assets or repayment of long term liabilities.

Wage payment under incentive wage plan

The basic function of accounting is