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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.
Recently, which of these states have exported its first consignment of plant based meat products to the USA?
Which state in India is known for its significant cement production industry.
The Archaeological Survey of India declared that entry to all ticketed Centrally protected historic monuments would be free of charge from _____ to ____...
L&T Technology Services, a provider of high-end engineering services, has disclosed that _____ luxury automaker had awarded it a five-year contract ...
From which Vedic text is the knowledge of rituals related to Yagya primarily derived?
The PM Gati Shakti Multimodal Waterways Summit will be held in which city of Uttar Pradesh?
Which state will be hosting the National Winter Games, 2023?
On what is the principle of Brahmo Samaj based?
What was the theme for the India Water Week that was celebrated from 1st to 5th November, 2022 at Greater Noida, India.
When was the Gandhi-Irwin Pact carried out?