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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
CA Foundation
★ 3K+
28-Mar-23 02:29
149
Answers (1)
Profits will reduce. So capital would be lesser
CA Suraj Lakhotia
Admin
28-Mar-23 05:55