Sammy made a full payment of $190 to a credit supplier to clear a debt of $200, but he did not record the discount received. What impact did putting this error right have on Sammy’s statement of financial position?
- Abank decreased; capital decreased; trade payables no effect
- Bbank increased; capital no effect; trade payables decreased
- Cbank no effect; capital decreased; trade payables increased
- Dbank no effect; capital increased; trade payables decreased