{"id":102713,"date":"2022-04-23T15:58:17","date_gmt":"2022-04-23T10:28:17","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=102713"},"modified":"2022-04-23T15:58:18","modified_gmt":"2022-04-23T10:28:18","slug":"an-asset-was-purchased-for-rs-1000000-with-the-down-payment-of-rs-200000-and-bills-accepted-for-rs-800000-what-would-be-the-effect-on-the-total-asset-and-total-liabilities-in-the-balance-sheet","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/an-asset-was-purchased-for-rs-1000000-with-the-down-payment-of-rs-200000-and-bills-accepted-for-rs-800000-what-would-be-the-effect-on-the-total-asset-and-total-liabilities-in-the-balance-sheet\/","title":{"rendered":"An asset was purchased for Rs.1000000 with the down payment of Rs.200000 and bills accepted for Rs.800000\/-What would be the effect on the total asset and total liabilities in the balance sheet?"},"content":{"rendered":"\n

Q. An asset was purchased for Rs.1000000 with the down payment of Rs.200000 and bills accepted for Rs.800000\/-What would be the effect on the total asset and total liabilities in the balance sheet?<\/strong><\/h3>\n\n\n\n

A.            Assets increased by Rs.800000 and liabilities increased by Rs.800000<\/p>\n\n\n\n

B.            Assets increased by Rs.1000000 and liabilities increased by Rs.800000<\/p>\n\n\n\n

C.            Assets decreased by Rs.800000 and liabilities increased by Rs.800000<\/p>\n\n\n\n

D.            Assets increased by Rs.800000 and liabilities decreased by Rs.800000<\/p>\n\n\n\n

Answer: Assets increased by Rs.800000 and liabilities increased by Rs.800000<\/p>\n","protected":false},"excerpt":{"rendered":"

An asset was purchased for Rs.1000000 with the down payment of Rs.200000 and bills accepted for Rs.800000\/-What would be the effect on the total asset and total liabilities in the balance sheet?<\/p>\n","protected":false},"author":419,"featured_media":102714,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[3959],"tags":[],"class_list":["post-102713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-accounting-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/102713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=102713"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/102713\/revisions"}],"predecessor-version":[{"id":102715,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/102713\/revisions\/102715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/102714"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=102713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=102713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=102713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}