CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice

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Question : 52 of 53
 
Marks: +1, -0
A New asset is purchased for Rs. 2,00,000 in replacement of an old asset of Rs. 1,50,000 and Rs. 50,000 is paid in cash . What is the effect of this transaction on the total asset of the firm ?
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