Question

Show the accounting equations on the basis of the following transactions :
Archna started business with cash 50,000, stock * 25,000 and furniture ? 15,000.
Goods costing 13,000 sold for * 16,000 on credit.
() Purchased goods on credit * 35,000.
(iv) Depreciate furniture by * 2,000.
(v) Bad debts written off * 4,500.
(vi) Cash received * 6,400 from customer and allowed him discount 100.
(vii) Bad debts recovered * 2,500.
(viii) Cash paid to creditor * 14,600 and discount received 400.​

Answer 1

Answer:

cash paid to creditor *14,600 and discount received 400 it's right at answer