Q2. Give the accounting equations for the following. 1. Mr X started business with cash Rs 50,000. 2. Deposited Cash Rs 10,000 into bank 3. Additional capital brought by Mr of X Rs 10,000 4 Goods purchased for cash of Rs. 10,000. 5 Goods sold for cash of Rs 7,000

Q2. Give the accounting equations for the following. 1. Mr X started business with cash Rs 50,000. 2. Deposited Cash Rs 10,000 into bank 3. Additional capital brought by Mr of X Rs 10,000 4 Goods purchased for cash of Rs. 10,000. 5 Goods sold for cash of Rs 7,000

Name: Q2. Give the accounting equations for the following.1. Mr X started b
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Description: Q2. Give the accounting equations for the following.1. Mr X started business with cash Rs. 50,000.2. Deposited Cash Rs 10,000 into bank3. Additional capital brought by Mr of X Rs 10,0004 Goods purchased for cash of Rs 10,000.5 Goods sold for cash of

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PA: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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