Question

00 + Capital 75,000
Show the Accounting Equation on the basis of the following transactions:
(1) Arjun started business with cash
80.000
i) Purchased goods for cash
30,000
(iii) Sold goods costing * 20,000 at a profit of 25%
(iv) Purchased goods on credit
10,000
(v) Withdrew cash for private use
5,000
(Ans. Cash + 70,000 + Stock 20,000 = Creditors 10,000+ Capital 80,000)
123
Sco​

Answer 1

Answer:

Show the Accounting Equation on the basis of the following transactions:

(1) Arjun started business with cash

80.000

i) Purchased goods for cash

30,000

(iii) Sold goods costing * 20,000 at a profit of 25%

(iv) Purchased goods on credit

10,000

(v) Withdrew cash for private use

5,000

(Ans. Cash + 70,000 + Stock 20,000 = Creditors 10,000+ Capital 80,000)

123

Sco

Explanation:

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