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Balance Sheet

Accountancy

For a balance Sheet in case i purchased a car for rs 50 lakh and taken a loan so balance sheet got tallied... Now the car will depriciate so asset will reduce what will be the impact on liability side???


Prathmesh kharul

Prathmesh kharul

CA Foundation

3K+

28-Mar-23 02:29

149

Answers (1)

Profits will reduce. So capital would be lesser


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

28-Mar-23 05:55

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