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.
A instigates B to murder C. B refuses to do so. In this case which of the following is true statement?
Indian Constitution has established a __________ government?
‘A’ marries ‘B’, the widow of his elder brother. The marriage is:
No company shall issue a prospectus or make an offer or invitation to the public or to its members _______________for the subscription of its debentures...
Who is considered an "allottee" in relation to a real estate project according to the RERA?
As per section 21 of the Airports Authority of India Act ho has the authority to make contracts on behalf of the Authority?
Which section of the Insurance Act deals with the provisions relating to the restrictions on the opening of a new place of business?
Insurance Regulatory Development Authority was setup on the recommendation of Malhotra Committee which was headed by __________________ and who was ____...
Who amongst the following is not a complainant as per Consumer Protection Act, 2019?
As per Art. 24 of the Indian Constitution, no child of ________ years of age shall be working in any hazardous employment in a factory?
