Question

Show Accounting Equation on the basis of the following:
(a) Ramanujm started business with Rs. 25,000.
(b) Purchased goods on credit from Shyam : Rs. 10,000
(c) Solds goods to Soman costing Rs. 1,500 for Rs. 1,800 on credit.
Madras, B.Com. Oct. 2002)
[Ans: Assets : Rs. 35,300; Liabilities : Rs. 10,000;
Capital : Rs. 25,300)​

Answer 1

Answer:

C) Because it shows it's characteristics