Gaurav had the following transactions use accounting equation to show their effect on his assets liabilities and capital 1. Commenced business with cash rs. 100000 b. Purchased goods rupees 40000 on credits c. Sold goods for 35000 costing 26000 on credit d. Returned goods to supplier rupees 10000 e. Salaries paid rupees 600 f. Salaries outstanding rupees 120 g. What machinery for rupees 5000 on credit h. Goods returned by a customer cost rupees 13000 i. What Almirah for personal use rupees 4000

Gaurav had the following transactions use accounting equation to show

1.	Gaurav had the following transactions use accounting equation to show their effect on his assets liabilities and capital 1. Commenced business with cash rs. 100000 b. Purchased goods rupees 40000 on credits c. Sold goods for 35000 costing 26000 on credit d. Returned goods to supplier rupees 10000 e. Salaries paid rupees 600 f. Salaries outstanding rupees 120 g. What machinery for rupees 5000 on credit h. Goods returned by a customer cost rupees 13000 i. What Almirah for personal use rupees 4000
Answer» had the following TRANSACTIONS use accounting equation to show their effect on his assets liabilities and capital 1. Commenced business with cash RS. 100000 b. Purchased goods rupees 40000 on credits c. Sold goods for 35000 costing 26000 on credit d. Returned goods to SUPPLIER rupees 10000 e. Salaries paid rupees 600 f. Salaries outstanding rupees 120 G. What machinery for rupees 5000 on credit h. Goods returned by a customer cost rupees 13000 i. What ALMIRAH for personal use rupees 4000

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