Question

Q.accounting equation
1. X started business with cash Rs.100,000
2. Purchased good on creadit for Rs. 50000
3. Purchased goods for cash rs.20000
4. Sold goods costing rs 20000 for rs.50,000 in cash
5. Sold goods for rs . 30000 to Rohan
6. Withdraw cash for personal use 10,000
7. Paid to cr.40000
8. Invested in shares 8,000​

Answer 1

Answer:

Step-by-step explanation:

vi), Goods costing Rs 40,000 sold at a profit of 20% for cash, +48,000 ... (b) Purchased goods for Cash ₹ 60,000 and on Credit ₹ 1,50,000. (c) Sold goods ...In the following section, we will see what we mean by marked price. ... When Discount is not offered, M.P. < S.P.. Marked Price. Sometimes marked price is ...