Accounting · Accounting Equation

A furniture purchase for Rs. 10,000 from a bank account will result in:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1no change in total assets✓
2increase in total assets and total liabilities
3increase in fixed assets and increase in bank balance
4increase in fixed assets and decrease in bank loan

Correct answer

no change in total assets

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A furniture purchase for Rs. 10,000 from a bank account will result in:

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A furniture purchase for Rs. 10,000 from a bank account will result in:

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