Mr. Bhandari purchased a car for ₹ 50,000, making a down payment of ₹ 10,000 and signing a ₹ 40,000 bill payable due in 60 days. As a result of this transaction:

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Mr. Bhandari purchased a car for ₹ 50,000, making a down payment of ₹ 10,000 and signing a ₹ 40,000 bill payable due in 60 days. As a result of this transaction: