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Financial State...

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  • Question 1
    1 / -0

    A has $$Rs. 3,500$$ due from B. On January $$20$$, B makes a partial payment of $$Rs. 2,100$$ to A. The journal entry made on January $$20$$ by A to record this transaction include_________.

  • Question 2
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    If an individual asset is increased, there will be a corresponding ____________________.

  • Question 3
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    Purchase of furniture for cash would ______________________.

  • Question 4
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    On sale of old furniture, owner's equity would ______________.

  • Question 5
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    Payment of a liability results in _________________.

  • Question 6
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    Mr. Bhandari purchased a car for Rs. 50,000, making a down payment of Rs. 10,000 and signing a Rs. 40,000 bill payable due in 60 days. As a result of this transaction ___________________.

  • Question 7
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    Income earned and collected results in _________________.

  • Question 8
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    Withdrawals by the proprietor would_______.

  • Question 9
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    Stimulus: Support staff is undisciplined.
    Response: It is a sign of the times.
    How will you classify the above transaction as per concept of transactional analysis ______________.

  • Question 10
    1 / -0

    You require capital for purchase of fixed assets. What is this capital called?

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