Question 19
Business took a loan of ₹ 5,00,000 from XYZ Bank. The transaction will result in
Increase in Asset and liability
Increase in Liability and decrease in asset
Increase in revenue and asset
Increase in expenditure and asset
Question 19: Business took a loan of ₹ 5,00,000 from XYZ Bank. The tr…
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Increase in Asset and liability
Question 19 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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