Analyze the following transactions under the Accounting Equation Approach.
1. Commenced business with cash ₹500000
2. Purchased goods ₹25000
3. Paid salary ₹10000
4. Sold goods costing ₹20000 at a profit of 25% on the cost
5. Paid salary in advance ₹2000
6. Introduced additional capital ₹10000
7. Purchased computer ₹15000
8. Deposited ₹50000 into the ban
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4 one the best analogy to analyse
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