Question

accounting equation for:
electric charges of rs 2000 were overdue(dues)
asssets=capital + liabilities

Answer 1

Answer:

:)

Explanation:

Capital[-2000]Because it is an expense of current year,eventhough it was not paid,it will be treated as an expense paid[accrual concept]

Liabilities-E C outstanding[+2000]

A=C+L