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Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.

Here you can find the meaning of Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the below case study and choose the appropriate answers.With the help of balance sheet equation Assets = equity + liability. Choose the suitable answers for the questions which follow the transactions given below. Commence business with cash 2 lakhs and property worth 5 lakhs. Purchased merchandising inventory for cash 80000. Cash sales worth 25000. Investment made for 100000 in securities. Purchase of an old motor vehicle for 250000. Paid payroll expenses of 50000. Interest income of 15000 received in advance in the form of cash. A payment made to the purchase of inventory worth 25000. Goods sold in credit to the customer for 30000. Cash of 17000 is received from the customerQ. How will the transaction, “Interest income of Rs.15000 received in advance” affect the balance sheet equation?a)Impact on investment and liabilityb)Impact on cash and liabilityc)Impact on cash and equityd)Impact on Investment and EquityCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Bank Exams tests.