Mr. Bhandari purchased a car for Rs. 50,000, making a down payment of Rs. 10,000 and...
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Mr. Bhandari purchased a car for Rs. 50,000, making a down payment of Rs. 10,000 and signing a Rs. 40,000 bill payable due in 60 days. As a result of this transaction A B C D Total assets increased by Rs. 50,000 Total liabilities increased by Rs. 40,000 Total assets increased by Rs. 40,000 Total assets increased by Rs. 40,000 with corresponding increase in liabilities by Rs. 40,000 Mr. Bhandari purchased a car for Rs. 50,000, making a down payment of Rs. 10,000 and signing a Rs. 40,000 bill payable due in 60 days. As a result of this transaction A B C D Total assets increased by Rs. 50,000 Total liabilities increased by Rs. 40,000 Total assets increased by Rs. 40,000 Total assets increased by Rs. 40,000 with corresponding increase in liabilities by Rs. 40,000
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Answer D Total assets increased by Rs 40000 with corresponding increase in liabilities by Rs ... View the full answer
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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