Question

What will be the effect of following
transaction on the accounting equation?
Goods sold on credit to X (costing
10,000) for 15,000.
(a) Assets, (* 15,000); Liabilities, (* 15,000);
Capital, o
(b) Assets (10,000); Liabilities, (* 15,000);
Capital, 5000
(c) Assets (5,000); Liabilities, O; Capital,
(5000)
(d) None of the above

Answer 1

Answer:

none of above

mark me as brilliant

Answer 2

What will be the effect of following

transaction on the accounting equation?

Explanation:

• the answer is option(D) none of the above.

• because the basic accounting equation is ASSETS = LIABILITIES + EQUITY

• Assets= (what it owns)

• Liabilities= ( what it owns to others)

• Equity= (the difference between assets and liabilities or what it owns to the owners)

• An accounting transaction is a commercial enterprise hobby or occasion that reasons a measurable extrade withinside the accounting equation.