Helping You with Accounting Test Questions and Answers

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Get Help with Complex Accounting Test Questions and Answers

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Here is a sample accounting test questions and answers:

The company recently obtained a loan from a bank. What is the effect on assets and liabilities?

Effects Upon Assets Effects Upon Liabilities

a. Reduce Bank Reduce Loan

b. Reduce Bank Increase Loan

c. Increase Bank Increase Loan

d. None of the Above

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