Question 6
An amount ₹1,00,000 was withdrawn from bank to finance working capital requirement of the business. The transaction will lead to
Increase in expenditure
Increase in asset
No effect on the balance sheet total
Increase in liability
Question 6: An amount ₹1,00,000 was withdrawn from bank to finance wo…
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Correct answer
No effect on the balance sheet total
Question 6 of 17 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 23 Feb 2025, in the January 2025 term (IIT M DEGREE AN EXAM QDB2 23 Feb 2025). It carries 1 mark.
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