Question

purchased goods for cash ₹5,000 and credit ₹2,000 what the effect of stock in accounting equation​

Answer 1

Answer:

Assets = liabilities + capital

Cash+stock = credirors + o/s rent +capital

1)

18000

18000

2)

−5000+7000=2000 +18000

13000+7000=2000 +18000

3)

4000−2400 1600

14000+4600=2000 +19,600

4)

−1000=200 −1200

16000+4600=2000 200+1840