Multiple Choice
Ilona's business bank account at 1 May 20X7 has a balance of £13 000 in her favour. On 2 May 20X7 she buys a non-current asset for £10 000.
On 3 May 20X7 she receives an amount owing of £3600.
What is the effect of these transactions on Ilona's total assets?
A) Increase total assets by £6400
B) Decrease total assets by £6400
C) Increase total assets by £3600
D) Increase total assets by £10 000
Correct Answer:
Verified
Correct Answer:
Verified
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