Accountancy, asked by roshanigautam2058, 3 months ago

1Q-2: Assume that Nepal Airlines borrows Rs.25 million by signing a promissory note. The next day the companyuses the money to buy a new airplane.

Required: a. What is the effect of each of these transactions on Nepal Airlines' accounting equation?
b. Prepare the journal entries to record both transactions in Nepal Airlines' records.

Answers

Answered by marutitendulkar48

2

Answer:

ok I am doing wait for a minute

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