Question

Show the dual effect of the following transactions on the assets and liabilities of business (i) Purchased goods for cash 8,000 (ii) Purchased delivery van on credit for 4,00,000 (iii) Paid 35,000 to a supplier of goods on credit (iv) The proprietor withdrew 52,000 from the bank account of business for personal expenses (v) Purchased goods from Hamid on credit for 5,000.



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Answer 1

Answer:

(i)Capital inc and cash dec

(ii)liability inc and captial inc

(iii)expendtiure inc and cash dec

(iv)drawing inc and cash dec

(v)stock inc and lliability inc

Explanation: Hope these will help u

I'm also in class 10

My optional subject is account only