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| 1. |
Give an example for each of the following type of transactions : (i) Increase in one asset, decreae in another asset. (ii) Increase in asset, increase in liability. (iii) Increase in asset, increase in owner's capital. (iv) Decease in asset, decrease in liablility. (v) Decrease in asset, decrease in owner's capital. |
| Answer» <html><body><p></p>Solution :`{:((i),"Purchase of <a href="https://interviewquestions.tuteehub.com/tag/machinery-1082418" style="font-weight:bold;" target="_blank" title="Click to know more about MACHINERY">MACHINERY</a> for Cash",:,"Increase in Machinery and decrease in Cash"),((ii),"Purchase of Machinery on Credit",:,"Increase in Machinery and increase inliability"),((iii),"Capital <a href="https://interviewquestions.tuteehub.com/tag/introduced-2121226" style="font-weight:bold;" target="_blank" title="Click to know more about INTRODUCED">INTRODUCED</a> by <a href="https://interviewquestions.tuteehub.com/tag/proprietor-1170512" style="font-weight:bold;" target="_blank" title="Click to know more about PROPRIETOR">PROPRIETOR</a>",:,"Increase in Cash and increase in Capital"),((iv),"Payment to Creditors",:,"Decrease inCash and decrease in Creditors"),((v),"Cash withdrawn by proprietor from thebusiness for <a href="https://interviewquestions.tuteehub.com/tag/personal-590834" style="font-weight:bold;" target="_blank" title="Click to know more about PERSONAL">PERSONAL</a> use",:,"Decrease in Cash and decrease in Capital"):}`</body></html> | |