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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.
State Bank of India (SBI), has raised _______ capital via additional tier I bonds (AT1) at a coupon of 8.1 per cent.
On which river’s bank was the Indus Valley Civilization site of Harappa located?
What is the name of the new payment acceptance device launched by BharatPe?
Which organization has launched the Talent Connect portal to bridge the gap between recruiters and digitally skilled and certified candidates & to conne...
Who has been appointed as the Ombudsman and Ethics Officer of the BCCI?
Who is the recipient of the ‘Kuvempu National Award’ for the year 2022?
What is the objective of ‘PM-DAKSH’ Yojana?
Recently Uma Pemmaraju died. She was ___?
The acceleration of the ocean current connecting the Indian, Atlantic, and Pacific oceans has been linked to which global condition?
The Foreign Exchange Management Act was enacted in ___________________.