Multiple choice

Anju purchased a table of Rs. 25,000 on credit. By this transaction, assets would

  1. increase by Rs. 25,000

  2. decrease by Rs. 25,000

  3. not change

  4. become less by Rs. 10,000

  5. None of the above

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Assets will increase by Rs. 25,000 as asset will be debited. Though, creditor will also be credited and liabilities will also increase.