Business, 20.12.2020 19:50 nuggets7717
: Show the effect of the following transactions upon the accounting equation;
1. Habib Commence business with cash Rs. 200,000 and Land Rs. 50,000.
2. Bought merchandising for cash Rs. 80,000.
3. Cash sales of worth Rs. 25,000.
4. Bought goods on credit from Salman of worth Rs. 50,000.
5. Sales on account to Ali Raza Rs. 12,000.
6. Purchase furniture of the value of Rs. 5,000 in cash.
7. Received cash form Ali Raza of Rs. 10,000.
8. Return defective furniture of worth Rs. 1,500.
9. Paid wages Rs. 1,000, Rent 2,000 and Electricity Bill Payable Rs. 1,500.
Answers: 3
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: Show the effect of the following transactions upon the accounting equation;
1. Habib Commence bus...
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