Question
During a reporting period, a company’s assets increase
by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore?Solution
According to the fundamental accounting equation, Assets = Liabilities + Equity. If the assets increase by Rs. 80,000,000 and liabilities decrease by Rs. 20,000,000, then the equation can be represented as: Assets (+ Rs. 80,000,000) = Liabilities (- Rs. 20,000,000) + Equity To solve for Equity, we can rearrange the equation as follows: Equity = Assets - Liabilities Equity = (Assets + Rs. 80,000,000) - (Liabilities - Rs. 20,000,000) Equity = Rs. 100,000,000 Therefore, equity must increase by Rs. 100,000,000 to balance the equation.
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Bridge work at which layer of OSI Model?
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Which of the following Internet protocol specifies how data is exchanged over the Internet and how it should be broken into IP packets?
Holding the mouse button down while moving an object or text is known as _________.
