When payment is made on an existing debt, which accounts increase or decrease? (a) Cash increases; Accounts Receivable increases. (b) Cash decreases; Accounts Payable increases. (c) Cash increases;...

When payment is made on an existing debt, which accounts increase or decrease?

(a) Cash increases; Accounts Receivable increases.


(b) Cash decreases; Accounts Payable increases.


(c) Cash increases; Accounts Payable increases.


(d) Cash decreases; Accounts Payable decreases.




May 26, 2022
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