Accountancy, asked by Saniyaasif, 9 months ago

Starting business with cash 100000, goods 20000, taking loan 40000

Answers

Answered by AashifKhan
1

Explanation:

✓ introduction of capital

Cash - increases

equity - increases

✓ purchasing of goods

stock - increases

cash - decreases

✓ bank loan

cash - increases

liability/ bank loan - increases

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