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

Gujarat BoardEnglish MediumSTD 11 CommerceAccountAccounting Equation and Business Transactions1 Mark
MCQ
When purchase returned happens _______________ .
  • A
    Increase in one liability and decrease in other liability
  • B
    Increase in one asset and decrease in other asset
  • C
    Decrease in asset - Increase in liability
  • D
    Decrease in asset - Decrease in liability
✓

Answer

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