Question

h) Bought Furniture From Smith Rs. 15000, paid Rs.5000 in cash And for the
balance, Bill was accepted accounting equations​

Answer 1

Answer:

10,000

Explanation:

amount = Rs.15000

simple interest = Rs.5000

interest

=15000 - 5000

principal = 10000

therefore,priya invested =10000

Answer 2

Answer:

15000-5000 = 10000( Profit )

Explanation:

15,000 rs. stock will be added in assets

000 rs. stock will be added in assetsand 5,000 rs. cash will be deducted from assets

As we bought furniture in cash

10,000 rs. will add in our capital as profit.

Because the goods actual price is 15,000 and we bought it in 5,000 and in full settlement. It means we got profit of 10,000.