Download App

Accounting Equation — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAccounting Equation1 Mark
MCQ
Decrease in one liability may lead to:
  • A
    Decrease in an asset.
  • B
    Increase in another liability.
  • ✓
    Either (a) or (b).
  • D
    None of these.
✓

Answer

Correct option: C.
Either (a) or (b).
Either (a) or (b).

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Accounting Equation→Accounting Equation — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

The purpose of depreciation is to _____________.
→
Bank on whom a cheque is drawn.
→
What is UNCOMMON in trial balance?
→
Which of the following is not a business transaction?
→
A provision is a ___________.
→
Depreciation is calculated from the date of ………..
→
Which item shows a debit balance in the Trial Balance?
→
When a transaction has not been recorded in the books of account either wholly or partially, then such errors are called _______.
→
A Trial balance may not agree in case of_____.
→
Assertion (A): If Cash = ₹ 20,000, Machinery = ₹ 30,000, Stock = ₹ 10,000,Creditors = ₹ 40,000, then the net worth of the firm is ₹20,000.
Reason (R): Capital = Liabilities - Assets.
→