Millionaire Mode

Theoretical Framework of Accounting (CA - CPT)

Question 1 of 15

What is the effect on the net asset if cash received from debtors is Rs. 75,000?

  1. It will increase by 75,000.
  2. It will decrease by 75,000.
  3. There will be no change.
  4. It will decrease by Rs. 75,000 - 25,000= 50,000.
  5. None of the above

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000