Related InterviewSolutions

• Which of the following equations is correct ?A. Assests + Capital = LiabilitiesB. Assets- Liabilities = CapitalC. Assets + Liabilities = CapitalD. None of these.
• The liabilities of a firm are 3,000, the capital of the proprietor is 7,000. The total assets are :A. ₹7,000.B. ₹10,000C. ₹4,000D. None of these.
• Which of the following is correct ?A. `{:(,"Assets",,"Liabilities",,"Capital"),((a),"₹ 785000",,"₹ 125000",,"₹ 660000"):}`B. `{:(,"Assets",,"Liabilities",,"Capital"),((b),"₹ 820000",,"₹ 280000",,"₹ 1100000"):}`C. `{:(,"Assets",,"Liabilities",,"Capital"),((c),"₹ 955000",,"₹ 115000",,"₹ 820000"):}`D. `{:(,"Assets",,"Liabilities",,"Capital"),((d),"₹ 542000",,"₹ 654000",,"₹ 112000"):}`
• Decrease in one liability may lead toA. Decrease in an asset.B. Increase in another liability.C. Either (a) or (b).D. None of these.
• Amount withdrawn by proprietor for personal use will ... Cash and Capital.A. Increase.B. Decrease.C. Not Change.D. None of these.
• An increase in one asset is accompanied byA. Decrease in another asset.B. increase in a liability.C. Increase in capital.D. All of these.
• Purchase of furniture on credit meansA. Decrease in asset and increase in liability.B. Increase in asset and increase in liability.C. Increase in asset and decrease in liabilityD. Decrease in asset and decrease in liability.
• Payment to a creditor meansA. Incrcase in asset and decrease in liability.B. Decrease in asset and decrease in liability.C. Decrease in asset and increase in lhability.D. Increase in asset and increase in liability
• Purchase of machina by cash meansA. Decrease in asset and decrease in liability.B. Increase in asset and decrease in asset.C. Increase in asset and decrease in liability.D. Decrease in asset and increase in capital.
• Decrease in one liability may lead toA. Decrease in an asset.B. Increase in another liability.C. Either (c) or (b).D. None of these.