A charge purchase transaction will have following impact on the outsta – McqOptions

MCQOPTIONS

1.	A charge purchase transaction will have following impact on the outstanding balance of the folio account
A.	Outstanding balance of the folio will increase
B.	Outstanding balance of the folio will decrease
C.	Outstanding balance of the folio will remain the same
D.	Outstanding balance of the folio will become zero
Answer» B. Outstanding balance of the folio will decrease

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