Question

what will be the accounting equation of credit purchase of goods rs 18000​

Answer 1

Explanation:

it is half question

so please don't send hai question

Answer 2

Answer:

assets=18000, liabilities&capital=18000

Explanation:

accounting equation is assets=capital+liabilities.

here in this question the entry includes goods(asset) of 18000 and its credit purchase(liability) of 18000

thus, 18000 comes under stock/goods column of accounting equation and 18000 comes under creditors column of liabilities of accounting equation