Question

4. What will be the effect of the following on the accounting equation?

(a) Sunil started business with ` 1,40,000 cash and goods worth ` 60,000

(b) Purchased furniture worth ` 20,000 by cash

(c) Depreciation on furniture ` 800

(d) Deposited into bank ` 40,000

(e) Paid electricity charges through net banking ` 500

(f) Sold goods to Ravi costing ` 10,000 for ` 15,000

(g) Goods returned by Ravi ` 5,000​

Answer 1

Answer:

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