Can you give examples of double entry book keeping in liabilities?
1 Answer(s)
Binny
In liabilities for example -
1. If you take a loan (liability) then cash (asset) has to increase by the same amount
2. If Accounts payable (liability) decreases then cash (asset) will also decrease by the same amount
Jan 26 2013 11:11 AM
1. If you take a loan (liability) then cash (asset) has to increase by the same amount
2. If Accounts payable (liability) decreases then cash (asset) will also decrease by the same amount