Q.10 What will be the effect of the following on the Accounting Equation : i. Purchased goods for ` 80,000 from Amit on Credit.ii. Sold goods to Kamal costing ` 16,000 for ` 20,000 in cash.iii. Paid wages ` 1000.iv. Withdrew in cash for personal use ` 3,000.Paid to creditors ` 10,000.

Q.10 What will be the effect of the following on the Accounting Equati

1.	Q.10 What will be the effect of the following on the Accounting Equation : i. Purchased goods for ` 80,000 from Amit on Credit.ii. Sold goods to Kamal costing ` 16,000 for ` 20,000 in cash.iii. Paid wages ` 1000.iv. Withdrew in cash for personal use ` 3,000.Paid to creditors ` 10,000.
Answer» I don't KNOW..........

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Q.10 What will be the effect of the following on the Accounting Equation : i. Purchased goods for ` 80,000 from Amit on Credit.ii. Sold goods to Kamal costing ` 16,000 for ` 20,000 in cash.iii. Paid wages ` 1000.iv. Withdrew in cash for personal use ` 3,000.Paid to creditors ` 10,000.​

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Q.10 What will be the effect of the following on the Accounting Equation : i. Purchased goods for ` 80,000 from Amit on Credit.ii. Sold goods to Kamal costing ` 16,000 for ` 20,000 in cash.iii. Paid wages ` 1000.iv. Withdrew in cash for personal use ` 3,000.Paid to creditors ` 10,000.