At the end of a financial year, the following took place in a business:
1- Trade receivables with a value of ＄10 000 were written off as irrecoverable.
2- A bank loan of ＄20 000 was received.
What was the effect of the two transactions on the net assets of the business?
＄10 000 decrease
2 )
＄20 000 decrease
3 )
＄10 000 increase
4 )
＄20 000 increase
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