Accountancy, asked by loveraja50, 10 months ago

Question 2.
Show the Accounting Equation for the following transactions:

Attachments:

Answers

Answered by Anonymous
0

check the attachment--

Attachments:
Answered by lodhiyal16
1

Answer:

Explanation:

Accounting Equation of the following transaction

1 .Gopinath started Business with = Cash 25000  = Capital 25000

2.Purchased goods from Shyam = Stock 10000 = liabilities 10000

3.Sold Goods to Sohan  =  Stock (1800 )+ Debtor  1500 = Creditors + Capital 24700

4.Gopinath withdrew From Business = Cash (5000) = Capital (5000)

Cash = 20000

Stock = 8200

Debtors = 1500

Creditors = 10000

Capital = 19700

Similar questions