show the effect of the following transactions on the accounting equation: (i) started business with cash ₹ 20000, goods ₹ 30000 and furniture ₹ 10000.(ii) bought goods on credit from ram ₹ 25000.
(iii) bought goods for cash ₹ 10000.
(iv) returned goods to ram worth ₹ 4000.(v) sold goods costing ₹20000 for ₹ 26000 in cash. settled the account of ram at a discount of ₹ 1000.
(vi) charge interest on capital ₹ 3000.
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I don't know bro ok sorry
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Answer:
The answer is :- (iii)
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Hope it will help you
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