Question

transaction example for Increases an asset and decreases another asset

Answer 1

Answer:

8,50,000 and liablities Rs.

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EffectExamplei. Increase in asset and decrease in another asseti. Sale of goods for cash. Increase in cash and decrease in goods.ii. Decrease in liability and increase in another liabilityii. Bills payable issued to creditors. Increase in bill payable and decrease in liability