Q. You, the school captain, have been asked by the Principal to put up a notice regarding the reunion of the ex-students that is to be held in the school campus.
You are to urge the present students to join the function in making the celebrations a success.
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Q.10 What will be the effect of the following on the Accounting Equation :
i. Purchased goods for ` 80,000 from Amit on Credit.
ii. Sold goods to Kamal costing ` 16,000 for ` 20,000 in cash.
iii. Paid wages ` 1000.
iv. Withdrew in cash for personal use ` 3,000.
Paid to creditors ` 10,000.
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