Accountancy, asked by bindu059, 6 months ago

prepare accounting equation for the following : withdrew goods worth of 5000rs for personal use ​

Answers

Answered by aries36
1

Explanation:

While withdrawing goods for personal use amount will be get deducted from stock/goods as well as from capital.

ie: Assest. =liabilities + capital

Cash | Stock | Debtors | etc = capital

-5000 = -5000

Similar questions