4. Which transaction increases and decreases asset accounts? 1. A cheque drawn to pay a...
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Accounting
4. Which transaction increases and decreases asset accounts? 1. A cheque drawn to pay a creditor for goods purchased as inventory three months ago. 2. A cheque drawn by the proprietor for his or her own use. 3. A cheque drawn to pay for fuel. 4. A cheque drawn to pay the Municipality a deposit for rent. 5. Settlement discount granted to a debtor for settling his or her account early.
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