Present the following transactions in the accounting equation. 03
December , 2018
01 Started business with cash 25000
03 Purchased goods for cash 12000
08 Withdrew cash for personal use 1000
10 Travelling exp. Paid 250
15 Rs. 5000 goods sold for 7500
16 Rs. 10000 goods purchased from Jaymin
Answers
Answered by
1
Answer:
Assets=liabilities +capital
Explanation:
Cash +stock +debtors=creditors +capital
25000+0=0+25000
13000+13000=0+25000
12000+13000+0=0+24000
11750+13000+0=0+23750
11750+8000+75000=0+26250
11750+18000+75000=10000+26250
Similar questions