What happens to the company's Cash account if it borrows money from the bank by signing a note payable?

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Posted by:
Ashraf Taha
19-September-2013

Accounting Auditing Cost Accounting Budgeting Financial Accounting

Question added by Michael Lagunday , Accountant , Dubai Camel Racing Club
Date Posted: 2015/08/17

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1 Answers

by Hossam Mohamed , Senior Accountant , Allied Arab Assurance Brokerage

The cash account increases.....

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