sold goods to nidhi rs 14000 cash qccounting equation
Answers
Answer:
Prepare Accounting Equation from the following:-
(₹)
1.
Sandeep started business with Cash
1,00,000
2. Purchased furniture for cash 5,000
3. Purchased goods for cash 20,000
4. Purchased goods on credit 36,000
5. Paid for rent 700
6.
Goods costing ₹ 40,000 sold at a profit of 20% for cash
Explanation:
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Answer:
For example, when a company borrows money from a bank, the company's assets will increase and its liabilities will increase by the same amount. When a company purchases inventory for cash, one asset will increase and one asset will decrease.
Explanation:
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