Question

Analyse the effect of each transaction on assets and liabilities and show that the both sides of Accounting Equation (A = L + C) remains equal:


Introduced ₹ 8, 00, 000 as cash and ₹ 50,000 by stock.​

Answer 1

Answer:

Analyse the effect of each transaction on assets and liabilities and show that the both sides of Accounting Equation (A = L + C) remains equal : (i) Introduced ₹ 8,00,000 as cash and ₹ 50,000 by stock. ... (v) Purchased goods worth ₹ 80,000 for cash and for ₹ 35,000 in credit.