Sold goods costing ₹12,000 at a profit of 20% on sales the effect on an accounting equation will be:
(a) increase in cash ₹14,400 increase in stock ₹12,000 and increase in capital ₹2,400
(b) increase in cash ₹15,000 decrease in stock ₹12,000 and increase in capital ₹3,000
(c) increase in cash ₹12,000 decrease in stock ₹14,400 and increasing capital ₹2,400
(d) increase in cash ₹14,000 decrease in stock ₹12,000 and increase in capital ₹2,000
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increase in cash ₹14,400 increase in stock ₹12,000 and increase in capital ₹2,400
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