Question

PROVE- ASSETS = LIABILITY + CAPITAL

paid for printing rs. 500 and received commission Rs. 1200

Answer 1

Answer:

For paid for printing

500 minus from cash and capital

For commission

In liability side there is a account called prepaid expenses 1200 and 1200 is also add in cash

Answer 2

Answer:

500 will be added in cash and minus in capital

whereas 1,200 will be added in cash and capital

(receiving commission is not a prepaid expense it's a income for our business aka capital)