An increase in inventories of rs.500 and a decrease in the bank balance of rs 600 and an increase in payble of rs 1400 results in
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Answer:
Increase of 1300
Explanation:
This is a simple question related to preparation of a balance sheet where all the expenses or profits are listed and then a summary is taken out. Addition is taken as positive and anything that reduces is negative;
Increase in inventories = 500
Decrease in the bank balance = -600
Increase in payable = 1400
Overall impact = 500 - 600 + 1400 = 1300
Overall 1300 has increased in account
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