Question

From the following business transactions of a business firm for the month of July 2020, prepare Accounting Equation: July 01: Balance of Cash ₹ 1,20,000; Goods ₹ 45,000; Debtors ₹ 24,000;Capital ₹ 1,79,000 and creditors ₹ 10,000. July 05: Goods sold (costing ₹ 15,000) on credit to Dinesh at 20% profits on cost. July 12: Outstanding salary ₹ 9,000 July 17: Commission received in advance ₹ 12,000. July 26: Goods purchased for cash ₹ 25,000. July 31: Goods given as charity ₹ 1,000.​

Answer 1

Answer:

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Perceived expected outcomes from convergence initiatives include: 1) Increase in Social Capital: Collective planning and implementation among different stakeholders will enhance social capital. This will improve management and work output.