Question

Q. 6. What will be the effect of the following on the Accounting Equation?
(i) Harish started business with cash 1,80,000,
(ii) Purchased goods for cash 60,000 and on credit 30,000
(iil) Sold goods for cash 40,000; costing 24,000,
(iv) Rent paid 5,000; and rent outstanding 2,000,
(v) Sold goods on credit 50,000 (costing 38,000).
(vi) Salary paid in advance 3,000.​

Answer 1

Answer:

ans 1

Explanation:

because we study in account that how we create our own business

I hope you understand