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    Financial Accounting Study Set 8
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    Exam 2: Transaction Analysis
  5. Question
    When a Company Borrows Money from the Bank,which Type of Account(s)is(are)increased
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When a Company Borrows Money from the Bank,which Type of Account(s)is(are)increased

Question 1

Question 1

Multiple Choice

When a company borrows money from the bank,which type of account(s) is(are) increased?


A) asset account only
B) Retained Earnings only
C) liability account only
D) asset and liability accounts

Correct Answer:

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