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.
Which was the main centre of activities of Wahabis in Bihar ?
A cricket bat is purchased at 20% discount. If the selling price of the bat is ₹ 1,000, what was the original price of the bat?
Which of the following statements about the “Phillips Curve” is correct?
I. The Phillips curve is an eco...
Consider the following statements:
1. Uttar Pradesh and Bihar are two States with maximum population of the Scheduled Castes.
2. Punjab ...
Which city hosted the 1st United Nations Water Conference in 2023?
The thorough economic liberalization in India initiated from which of the following years ?
The Constitution of India has ______ parts and _______ schedules.
In a 32-bit processor, what is the maximum memory addressable by the system?
Who appoints the Insurance Ombudsmen?
Which Article of the Constitution of India deals with duties of Prime Minister as respects the furnishing of information to the President, etc.?