Question

Mr. Bhandari purchased a car for 50,000, making a down payment of 10,000 and signing a *40,000 bill payable due in 60 days. As a result of this transaction:

A Total assets increased by 50,000
B Total liabilities increased by 40,000
C Total assets increased by 40,000
D Total assets increased by 40,000 with a corresponding increase in liabilities by 40,000
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)