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Question Practice

Which entry is made when an asset is purchased?

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

Which entry is made when an as...

Single Answer MCQ
Q-00053531

Which entry is made when an asset is purchased?

1

Increase in assets and decrease in cash or increase in liabilities.

2

Decrease in assets and increase in cash.

3

Increase in liabilities and equity.

4

Decrease in liabilities and increase in equity.

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