Question

Sold goods costing 25000 for 40000 and received amount in cash in accounting equations

Answer 1

ꍩꈼꐞꁲ ꂵꁲꋖꈼꌚ !

ꁷꐇꈼꌚ: Accounting equation:

sold goods costing 25000 for 40000 .

ꋫꁹꌚ:

Assets=Capital + Liabilities

Cash + Stock= capital

(+)40000+(-)25000=15000

Total cash is added in cash list .

The amount of goods is subtracted from stock list.

The profit is added in capital

ꑛꆂꉣꍟ ꂑ꓅ ꑛꍟ꒒ꉣꌚ !