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Question Practice

If liabilities of a business increase by ₹10,000 and no other changes occur, what must happen to the accounting equation?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

If liabilities of a business i...

Single Answer MCQ
Q-00053913

If liabilities of a business increase by ₹10,000 and no other changes occur, what must happen to the accounting equation?

1

Assets must increase by ₹10,000

2

Capital must decrease by ₹10,000

3

Assets must decrease by ₹10,000

4

Capital must increase by ₹10,000

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