Accounting · Accounting Equation
If a company purchases equipment worth Rs 10,000 on credit, how does this transaction affect the balance sheet equation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Owner's Equity increases, Liabilities increase
- 2Liabilities increase, Owner's Equity decreases
- 3Assets increase, Liabilities increase✓
- 4Assets increase, Liabilities decrease
Correct answer
Assets increase, Liabilities increase
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Accounting Equation MCQs →Want more practice questions on Accounting Equation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Accounting Equation