Prove that the accounting equation is satisfied in all the following transactions of samson:
(a)Started business with cash 100000 and goods 40000.
(b)Bought goods for cash 30000 and on credit for 20000.
(c)Goods costing 48000 at a profit of 33 1/3%.Half the payment received in cash.
(d)Purchased furniture for office use 12000. and for household use of samson 8000.
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heyaa,,
solution for this is attached in attachment..
________________________________
hope it helps...
solution for this is attached in attachment..
________________________________
hope it helps...
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Answer:
caital=140000 purchases=50000 furniture=120000 drawings=8000
Explanation:
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