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Which of the following is true when a debtor pays his dues?
The asset side of the balance sheet will decrease
The asset side of the balance sheet will increase
The liability side of the balance sheet will increase
There is no change in total assets or total liabilities
When a debtor pays his dues there is no change in total assets or total liabilities because debtor in current assets decrease and cash & bank in current assets increase.
By: santosh ProfileResourcesReport error
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