Question

.In which way sale of goods costing ₹15,000 to Mr. Ramesh on credit for ₹20,000 will be affecting the accounting equation?​

Answer 1

Answer:

Assets=Liability+ Capital

Cash+ goods=creditors+ capital

0+. 15000+ 20000+(-)5000

so, the answer will be equal

means,

Assets=Liability+ Capital.

Hope it helps you