Question
A company has assets of ₹12 lakh and owner's equity of ₹7 lakh. If the company purchases inventory worth ₹3 lakh on credit, what will be the new liabilities?
More Financial Management Questions
- What does the Probability of Default (PD) measure in the context of credit risk?
- The Gross Domestic Product at Market Price (GDPmp) of an economy is ₹2,500 billion. Indirect taxes amount to ₹300 billion and subsidies amount to ₹120 bill...
- Bank of Baroda (BoB) has announced the launch of which scheme aimed at raising deposits for financing eligible environment-friendly projects and sectors?
- Which of the following scenarios correctly describes a 'Revenue Deficit' in the Union Budget?
- What was the projected real GDP growth for 2024-25 as per the Monetary Policy Committee (MPC) meet held in Aug 2024?
- The Ministry of Education unveiled Performance Grading Index for States/UTs that says we have one of the largest Education System in the world with about 1...
- How many annual plans are there in Plan Holidays?
- What is the major difference between Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
- The TReDS has been instrumental in improving the working capital funding needs of MSMEs. What does TReDS stand for ?
- During a severe recession, businesses are reluctant to invest, and consumer spending has declined significantly. Unemployment rates are high, and there is ...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
