Question

Sold goods costing * 2,500 on credit for 4,000.
Effect: It means a debtor has come into existence to the extent of 4,000. The stock
1,500 (i.e., * 4,000 – * 2,500) (profit) will be added to the capital.
The equation now will appear as follows:
is reduced only by * 2,500, being the cost of goods sold. Net increase in assets,​

Answer 1

Answer:

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Explanation:

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