Question

4. What will be the effect of the following on the Accounting Equation?
(i) Harish started business with cash 18,000
(ii) Purchased goods for cash 35,000 and on credit 2,000
(iii) Sold goods for cash 4,000 (costing * 2,400)
(iv) Rent paid * 1,000 and rent outstanding * 200​

Answer 1

Answer:

cash (18000) = capital (18000)

Explanation:

your question is incorrect may becz in second equation he bought goods for35000 on cash but harish has only 18000...

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