Accountancy, asked by raju8027, 1 year ago

whithdrew for private use Rs. 20000. Accounting equation

Answers

Answered by nainabatra14

0

it's effect the accounting equation.deacrease the cash and capital will also decrease by 20000.

Answered by anuritha

3

Accounting equation

Asset = capital + liabilities

effect in accounting equation

Decrease in cash by 20000

Decrease in capital by 20000

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