CA CPT 2013 Dec Question Paper Fundamentals of Accounting for online practice

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Question : 4 of 60

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An Asset purchased for Rs.60,000 and paid Rs.10,000 and remaining amount is payable in installments.This effect leads to ______

Both assets & Liabilities increased by Rs.50,000
Both assets & Liabilities Decreased byRs.50,000
Assets Increased by Rs.10,000 & Liabilities Decreased by Rs.10,000
Assets Increased by Rs.50,000 & Liabilities Decreased by Rs.50,000

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