Question

TURURURUMUNU en show effect of the following transactions
on talabilitares and capital
ta) Started business with cash 30,000 goods 40,000 and furniture
መስክ በዚ ኣብ
(b) Bought goods from Raman 20,000
(0) Sold goods bought from Raman to Sohan for* 25,000
(d) Paid rent 4,000 and rent still outstanding 1,000
( Sohan settled his account at a discount of 500.
Received commission 35,000 including 1,000 as advance.
LAns. Cash 55,500 + Stock * 40.000 + Furniture * 20,000 = Creditors
* 20,000 + Rent Outstanding i 1,000 + Advance Commission 1.000
+ Capital 93,5001
[Hint. Trans. Com R4,000 is income and 1,000 advance received​

Answer 1

Explanation:

what is this .

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