English, asked by mohshakircps, 3 months ago

An asset was sold for Rs.1,000,00 whose cost price is 7,00,000 What would be the effect on the total asset and total liabilities in the accounting equation?

Answers

Answered by thanmay2701

Answer:

the profit is 3,00,000 rupees

Answered by rajkumartharani99947

Answer:

Double Entry Book Keeping Ts Grewal 2018 Solutions for Class 11 Commerce Accountancy Chapter 2 Accounting Equation are provided here with simple step-by-step explanations. These solutions for Accounting Equation are extremely popular among Class 11 Commerce students for Accountancy Accounting Equation Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Double Entry Book Keep

Previous Question

Next Question

An asset was sold for Rs.1,000,00 whose cost price is 7,00,000 What would be the effect on the total asset and total liabilities in the accounting equation? ​

Answers

An asset was sold for Rs.1,000,00 whose cost price is 7,00,000 What would be the effect on the total asset and total liabilities in the accounting equation?