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Prepare an accounting equation from the …

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Prepare an accounting equation from the following information of the trader. 1.The following balances appeared in the books of trader. Cash rs. 50,000 Cash at bank rs. 25,000 Stock rs. 50,000 Furniture rs. 20,000 Accurred interest rs. 5,000 Creditor(Ashish) rs. 10,000 2. Sold goods costing rs.15,000 at a profit of 25% on selling prices to iraq and received half amount in cash immediately and the rest was promised to be paid after 1 month. 3. Recieved accrued interest by bank. 4. Paid cash ruppees 9000 to ashish in full settlement of his account.

Posted by Simar Chhabra 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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Posted by Alok Bhartiya 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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