Question

1. Prepare an Accounting Equation from the following:
a. Started business with cash 32,00,000, Stock worth 50,000 and Furniture 25,000
b. Purchased goods on credit worth 50,000.
c. Sold three-fifth of the total goods at a profit of 20% on credit.
d. Received cash 30,000 for the above sale and took over half of the remaining goods for
personal purpose.
4
2. Journalise the following transactions in the books of Naman of Nagpur :
a Sold goods to Manan of Nagpur at the list price 20,000 less trade discount 10% add CGST

Answer 1

Answer:

Fluid, any liquid or gas or generally any material that cannot sustain a tangential, or shearing, force when at rest and that undergoes a continuous change in shape when subjected to such a stress.

Explanation:

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