Question

If you start a business with ₹50,000 cash only, which statement is correct immediately after the transaction?

• A. Assets = ₹50,000, Capital = ₹0
• B. Assets = ₹50,000, Capital = ₹50,000
• C. Assets = ₹0, Capital = ₹50,000
• D. Assets = ₹25,000, Liabilities = ₹25,000

Answer 1

Answer:

B. Assets = ₹50,000, Capital = ₹50,000

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