Question

Select Any One of the Following Options: Salary for the year 2018 -19 is Rs. 12,00,000, out of
which 10,00,000 is paid. What will be the impact of this transaction on accounting equation
(Asset = Capital + Liability)
- 1200000= -1200000+0
-1000000= -1200000 200000
+1200000= 1000000+200000
-1000000= +200000 - 1200000

Answer 1

Answer:

-1000000=+200000-1200000