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:Solution
This transaction involves the purchase of a car for 50,000. The down payment of 10,000 reduces the cash (asset) by 10,000, but it increases the car (asset) by 50,000. The bill payable of 40,000 represents a liability, as it's a debt that needs to be paid. So, the net effect is an increase in assets (car) by 40,000 and a corresponding increase in liabilities (bill payable) by 40,000.
Which of the following compounds form nitrites with nitrous acid?
An ice block with a piece of lead embedded in it floats in water. If ice melts the water level –
Kindly Study the following questions carefully and choose the right answer.
In plants, the carbohydrates which are not used immediately are sto...
The frequency range of human hearing is approximately:
Which part of the body is affected by tuberculosis (TB)?
What is the minimum distance one has to stand at from a wall to hear an echo?
The acceleration due to gravity on the surface of the Earth is approximately:
Which organ controls reflex actions?
Necessary element of change in solar energy to electric energy –
`Short-sight' in human eye can be corrected by using proper –