Prepare ‘Accounting Equation” from the following: …
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Prepare ‘Accounting Equation” from the following:
(1)Started business with cash Rs.1, 00,000.
(1)Purchased goods for cash Rs.20, 000 and on credit Rs.30,000.
(3)Sold goods for cash costing Rs.10,000 and on credit costing Rs.15,000 both at a profit of 20%.
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Gaurav Seth 5 years, 1 month ago
Prepare an Accounting Equation from the following:
i. Started business with cash Rs.1,00,000.
ii. Purchased goods for cash Rs.20,000 and on credit Rs.30,000.
iii. Sold goods for cash costing Rs.10,000 and on credit costing Rs.15,000 both at a profit of 20%.
Solution:
3Thank You