Accountancy, asked by kanrygarry, 3 months ago

Goods purchased from Pankaj on credit 18000

Answers

Answered by sarojdahal284

Explanation:

When a company has an asset; which means the source of amount/fund requires to purchase such an asset will be from the owner’s equity/capital. This frames the double-entry system (ie:) Debits and credits (ie:) Source of funds and application/use of such funds.

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