Pintu purchased a car for Rs. 5,00,000 making a down payment of Rs. 1,00,000 and signing Rs. 4,00,000 bills payable due in 60 days. As a result of this transaction,
1
Total Assets increased by Rs. 5,00,000
2
Total liabilities increased by Rs. 4,00,000
3
Total Assets increased by Rs. 4,00,000 with corresponding increase in liabilities by Rs. 4,00,000
4
None