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Theoretical Framework of Accounting (CA - CPT)

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Multiple Choice

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
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