Sold goods costing $1000 on credit at 25% profit. Show it in accounting equation form

see below

Explanation:

The accounting equation is represented as Assets = Equity + Liabilities

From this transaction,

Stocks(assets) decrease by $1000

Debtors(asset) increase by $1000

Profits(capital) increase by $250 ( 25% of $1000)

       Assets                         =    Liabilities  +              Capital

     stocks      debtors                                  revenue/gains

   - $1000           + $1000                                        + $250

answer; standing committee;

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )