Question 16
An amount ₹1,00,000 was withdrawn from bank to finance working capital requirement of the business.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Question 16: An amount ₹1,00,000 was withdrawn from bank to finance w…
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Correct answer
No effect on the balance sheet total
Question 16 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 26 Feb 2023, in the January 2023 term (IIT M DEGREE AN4 EXAM QPE4 26 Feb 2023). It carries 1 mark.
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