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Financial Forensics · Quiz 1 · 16 Jul 2023 · May 2023 term

Financial Forensics Quiz 1 16 Jul 2023 — Question 13

Question 13

+1 markOne correct option

Purchase of goods on cash basis reduces cash and increases

  1. A

    Liability

  2. B

    Equity

  3. C

    Inventory

  4. D

    Expense

Show answer

Correct answer

  • C

    Inventory

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Question 13 of 35 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DEGREE AN2 EXAM QPE2 16 JULY 2023). It carries 1 mark.

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