Question

Effect of goods bought for cash and sold to amit rs 25000 on accounting equation

Answer 1

Answer:

Sorry I did not understand your question

Answer 2

When we purchase goods for cash,cash will be decreased and stock will be increase and when we sold goods to Amit on credit our stock will be decreased and debtors will be increased.

So it will not effect the accounting equation.

I HOPE YOU UNDERSTAND AND YOUR DOUBT IS NOW CLEAR.