Question

Prepare a accounting Equation of the following transactions:

Bought Goods for cash Rs. 15,000 and on credit for Rs. 10,000.


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Answer 1

Answer:

Assets

=

 

1,12,000 + 10,000 + 30,000

 

=

Rs

1,52,000

Liabilities

=

Rs

30,000

Capital

=

Rs

1,22,000

Explanation:

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