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This transaction involves the purchase of a car for 50,000. The down payment of 10,000 reduces the cash (asset) by 10,000, but it increases the car (asset) by 50,000. The bill payable of 40,000 represents a liability, as it's a debt that needs to be paid. So, the net effect is an increase in assets (car) by 40,000 and a corresponding increase in liabilities (bill payable) by 40,000.
Which of the following is not an example of bio-mass energy source?
Where is the Sivalik hill located?
Which Rajasthan minister has been given the 'Leader of Decade' award by the Women Economic Forum?
Who was the first female Prime Minister in the world?
Which Indian city is known as the "Manchester of India"?
Methane is emitted from which of the following?
Which of the following is the largest Ramsar site in India?
First Spices Park of Rajasthan was established at -
The famous “Charminar” a historic monument located in _______built by Sultan Mohammed Quli Qutb Shah in 1591.
The King of which state of Rajasthan division was the first to sign the Letter of Accession to India?