Question

What is the effect on the Net Assets if cash is received from debtors of Rs. 50,000?

Answer 1

Answer:

Since, both the above items are current asset elements, there will be no change in current asset position due to this transaction. This discussion on What is the effect on the Net Assets if cash is received from debtors of Rs. 50,000? a)Increaseb)Decreasec)No changed)None of theseCorrect answer is option 'C'.