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If Odukoya takes money out of business bank account for his own private use, the...


Question

If Odukoya takes money out of business bank account for his own private use, the effect of the transaction is?

Options

A)
increase in assets and increase in capital
B)
increase in assets and decrease in capital
C)
decrease in capital and increase in assets
D)
decrease in capital and decrease in assets

The correct answer is D.


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