Question: Zedi Corporation paid rent amounting to Rs. 12000. However, still rent due but not paid were amounting to Rs. 8000. Then while accounting equation, its equity will decrease by an amount of Rs. Answer Your Question A Rs.16000 В Rs.20000 C Rs.12000 D Rs. 4000
Question: Zedi Corporation paid rent amounting to Rs. 12000. However, still rent due but not paid were amounting to Rs. 8000. Then while accounting equation, its equity will decrease by an amount of Rs. Answer Your Question A Rs.16000 В Rs.20000 C Rs.12000 D Rs. 4000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
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