Question

DISCUSS AND ANALYZE THE FOLLOWING TRANSACTIONS FOR X LTD. USING THE CONCEPT OF ACCOUNTING EQUATION (ASSET , LIABILITIES & equities)
1. purchased furniture for rs.675000
2.capital introduce by the business owner by depositing 12 lakhs in the bank account
3.goods purchased on credit from aman enterpries for rs.105000
4.goods sold on credit for rs.400000. the cost of goods sold was rs.300000
5.purchased goods from sneha enterprises fir rs.600000nand the payment made frombusiness bank account

Answer 1

Explanation:

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