Accountancy, asked by buju63, 8 months ago

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 5,000 and on credit * 2,000
(iii) Sold goods for cash 4,000 (costing * 2,400)
(iv) Rent paid * 1,000 and rent outstanding * 200​

Answers

Answered by sangeeta9470
8

Answer:

1. cash increase and capital increase

2 for cash purchase cash decrease and inventory increase

for credit purchase inventory increase and creditor increase

3 cash increase with 4000 and inventory decrease by 2400 and capital increase by 1600

4 for rent paid cash decrease and capital decrease

for outstanding rent capital decrease and outstanding liability increase

Answered by urmi958
4

Answer:

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