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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 statement is correct regarding Gymnosperms?
Central Sector Scheme of financing facility under Agriculture Infrastructure Fund aims at providing a medium/long term debt financing facility till 2025...
A standard soil texture triangle represents______ soil textural classes reflecting specific percentages of sand, silt, or clay.
As compared to main bacterial chromosome, the size of an episome is
Which of the following bacterial genera is a common cause of soft rot in plants?
………………………………… has become the first state in India to launch its own Climate Change Mission.
...The planets are kept in motion in their respective orbits by
The time required to kill 90% of the microorganisms in a sample at a specific temperature is the
TFS stands for
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Statement I: Saline soils are called White alkali soils
Statement II: Saline soils contains salts capable of und...