Question

What will be the effect of the following on the accounting equation
(a) Sunil started business with 1.40,000 cash and goods worth
(b) Purchased furniture worth 20,000 by cash
(c) Depreciation on furniture 7800
(d) Deposited into bank 40,000
(e) Paid electricity charges through net banking 500
(f) Sold goods to Ravi costing R10,000 for 15.000
(g) Goods returned by Ravi 5,000 (costing 7 4,000)​

Answer 1

Answer:

income rate is heigh

Explanation:

for best earning