Question

Businesses started 60000. Rent paid500.purchased good for 30000 and on credit 20000. Sold goods for 30000 costing 20000. Paid salary 500and outstanding 100.bought motorcycle 5000

Answer 1

Answer:

Explanation:

a) cash(+)      capital(+)

b) cash(-)       capital(-)

c) cash(-)       stock(+)     creditor(+)

d) cash(+)      stock(-)      capital(+)

e) cash(-)        capital(-)    outstanding expense(+)

f)  cash(-)       capital(-)