Prepare Accounting Equation from the following: (a) Started business with cash ₹ 1,00,000.
Prepare Accounting Equation from the following:
(a) Started business with cash ₹ 1,00,000.
(b) Purchased goods for cash ₹ 20,000 and on credit ₹ 30,000.
(c) Sold goods for cash costing ₹ 10,000 and on credit costing ₹ 15,000 both at a profit of 20%.
(d) Paid salaries ₹ 8,000.
[Capital: ₹ 97,000 + Liabilities: Creditors ₹ 30,000 = Assets: Cash ₹ 84,000 + Stock ₹ 25,000 + Debtors ₹ 18,000.]
Anurag Pathak Changed status to publish September 16, 2023
