An asset was purchased for Rs. 10,00,000, with a down payment of Rs.2,00,000 and acceptance of a bill payable for Rs.8,00,000.nnWhat would be the effect onntotal assets and nntotal liabilities inthebalancensheet?

• A. Assets increased by Rs.8,00,000 andliabilities decrease by Rs. 8,00,000
• B. Assets decreased by Rs.8,00,000 andliabilities increased by Rs. 8,00,000
• C. Assets increased by Rs. 10,00,000 andliabilities increased by Rs. 8,00,000
• D. Assets increased by Rs. 8,00,000 andliabilities increased by Rs. 8,00,000