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Business Data Management · Quiz 2 · 16 Aug 2026 · May 2026 term

Question 18: At the beginning of the year, a firm has Total Assets of…

Question 18

+3 marksOne correct option

At the beginning of the year, a firm has Total Assets of ₹500,000 and Total Liabilities of ₹200,000. During the month, the owner sells goods for ₹50,000 cash (which cost ₹30,000 to make) and purchases a delivery truck for ₹100,000 by paying ₹40,000 in cash and taking a loan for the remaining ₹60,000. What is the new total of the Assets side of the Balance Sheet?

  1. A

    ₹580,000

  2. B

    ₹620,000

  3. C

    ₹650,000

  4. D

    ₹520,000

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Correct answer

  • A

    ₹580,000

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Question 18 of 24 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 16 Aug 2026, in the May 2026 term (Business Data Management 14 Aug 26). It carries 3 marks.

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