Question

Show the effect of following transactions on the accounting equations: 1) bhupinder commenced business with cash ₹65,000 and stock ₹35,000. 2) purchased goods on credit ₹14,000 3) Sold goods (costing ₹15,500) for ₹12,500 on credit. 4) returned goods to supplier ₹4,000. 5)cash paid to supplier ₹5,500. 6) goods returned by a customer ₹3,000 ( cost ₹2,800 ) 7) cash received from a customer ₹4,500​

Answer 1

Answer:

returned" (and any subsequent words) was ignored because we limit queries to 32 words.