ABC company purchase a motor van for Rs 10, 00,000/= making a down payment Rs 7, 00,000/= cash and signing Rs 3, 00,000/= note payable. Which entry is correct? a) Total Liabilities increase by Rs 3,00,000/= b) Total Assets increased by Rs 10,00,000-= c) From the viewpoints of short-term creditors, this transaction makes the business less solvent d) This transaction had no immediate effect upon the owners equity in the business