Q.
1

a. Total assets will increase by Rs. 12,000

b. Total liabilities will increase by Rs. 7,000

c. This transactions will not have immediate effect on owner’s equity in the business

d. From the point of view of short-term creditor, this transaction will make business more liquid

Choose the correct option:

  • A

    (a) and (c)

     

     

     

  • B

    (a) and (b)

  • C

    (b) and (d)

  • D

    (b) and (c)