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Accounting Equations — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAccounting Equations1 Mark
Question
Which transactions will:
  1. Decrease the Assets and Decrease the Capital.
  2. Increase the Assets and Increase the Liabilities.
  3. Increase the Assets and Decrease another Asset.
  4. Decrease the Assets and Decrease the Liabilities.
✓

Answer

  1. Drawings or Expenses.
  2. Purchase of an asset on Credit.
  3. Purchase or Sale of an asset in Cash.
  4. Payment of a liability.

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