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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 revenue income received in cash,
  • A
    increase in assets - increase in liability
  • B
    increase in assets - decrease in liability
  • ✓
    increase in assets - increase in capital
  • D
    increase in capital - decrease in liability
✓

Answer

Correct option: C.
increase in assets - increase in capital

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