Question
During a reporting period, a company’s assets increase
by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore?Solution
According to the fundamental accounting equation, Assets = Liabilities + Equity. If the assets increase by Rs. 80,000,000 and liabilities decrease by Rs. 20,000,000, then the equation can be represented as: Assets (+ Rs. 80,000,000) = Liabilities (- Rs. 20,000,000) + Equity To solve for Equity, we can rearrange the equation as follows: Equity = Assets - Liabilities Equity = (Assets + Rs. 80,000,000) - (Liabilities - Rs. 20,000,000) Equity = Rs. 100,000,000 Therefore, equity must increase by Rs. 100,000,000 to balance the equation.
On which of the following dates is International Tiger Day observed?
SPMRM aim to develop _____ rural clusters identified
Which of following is India’s highest point?
Vivad Se Vishwas scheme, whose deadline was extended to 31 January 2025, is associated with which of the following?
_____ is a group of hunter gatherers native to Central Africa, mainly to Congo.
In Olympics table tennis event, if the points are tied at 10-10, a player then has to strive for a _______ point lead to win the game.Â
Which of the following ports is located on the western coast of India?
What is the full form of PPLO with respect to bacteria?
SDGs are a collection of seventeen interlinked objectives designed to serve as a shared blueprint for peace and prosperity for people and the planet, no...
Relevant for Exams:
