Purchase of goods on credit
A) Increases Liabilities
B) Increases Assets
C) Increases both Assets and Liabilities
D) Decreases Assets
Correct Answer:
Verified
Q5: Which of the following statements is/are true?
(i)
Q6: Trade discount allowed at the time of
Q7: The Periodical total of the Sales Return
Q8: If the Petty Cash fund is not
Q9: XYZ Ltd. Paid wages of ` 8,000
Q11: Which of the following is not an
Q12: The process of balancing of an account
Q13: Ledger is also called
A)Principal book of accounts
Q14: Which of the following transactions of a
Q15: Which of the following statements is/are true?
(i)
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