Question

Show the impact of the following transactions on the accounting equation:
1. rahim started business with cash rs 100000 2. purchased machinery rs 1000
3.purchased goods for cash rs 2000
4. credit purchase of goods rs 8000
5. cash paid to creditors rs 800
6.paid salary to employees rs 400
7.goods costing rs 1000 sold on credit for rs 1400
8.withdrawn for private use rs 400 9.rent paid rs 400
10.received interest rs 200

Answer 1

Answer:

show the impact of the following transactions on the accounting equation. 1. rahim started business with cash Rs 100000 2. purchased machinery for Rs … 1000 3. purchased goods for cash Rs 2000 4. credit purchase of goods Rs 8000 5. cash paid to creditors Rs 800 6. paid salary to employees Rs 400 7. goods costing Rs 1000 sold on credit for Rs 1400 8. withdrew for private use Rs 400 9. rent paid Rs 400 10. received interest Rs 200 what is mean by capital [2] A invoice certain goods so as to ...