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Question Practice

What will be the effect on the accounting equation when an opening entry is made?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - I
Question Bank

What will be the effect on the...

Single Answer MCQ
Q-00053557

What will be the effect on the accounting equation when an opening entry is made?

1

Assets will increase

2

Liabilities will decrease

3

Owner's equity will remain unchanged

4

Assets will decrease

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