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P1 C5 Accounting Equation and Business Transactions — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C5 Accounting Equation and Business Transactions1 Mark
MCQ
When goods purchased on credit.
  • ✓
    increase in assets – increase in liability
  • B
    decrease in assets - decrease in liability
  • C
    increase in assets - decrease in liability
  • D
    decrease in assets – increase in liability
✓

Answer

Correct option: A.
increase in assets – increase in liability

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