What is the entry of (sold security costing 1000 for 1500 ) in accounting equation
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security is asset then ,
dr side. = cr. side
cash. asset. = capital
+1500. -1000. = +500
the total is same rs. 500
note: rs. 500 is written in capital because their is profit of rs. 500 and profit is said as capital in accounting equations.
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dr side. = cr. side
cash. asset. = capital
+1500. -1000. = +500
the total is same rs. 500
note: rs. 500 is written in capital because their is profit of rs. 500 and profit is said as capital in accounting equations.
if any doubt you may ask
plz mark it as the brainliest
kathuriahridayov90uq:
Thanks
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