Multiple Choice Questions on The transaction started business with cash results in ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

The transaction started business with cash results in ........

Accountancy (11th) Chapter-3 Recording of treatment-1
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    The transaction started business with cash results in

    Increase in assets and decrease in assets

    Incorrect Answer

    Increase in assets and decrease in liability

    Incorrect Answer

    Decrease in assets and increase in liability

    Incorrect Answer

    Increase in assets and increase in liability 

    Correct Answer
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    Explanation:

    Increase in assets and increase in liability 

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