1/3rd of the above goods sold at a profit of 20percent on cost. Half the payment received in cash

1/3rd of the above goods sold at a profit of 20percent on cost. Half t

1.	1/3rd of the above goods sold at a profit of 20percent on cost. Half the payment received in cash
Answer» If in accounting equation this is done such as 1/3 means 20000 of 60000 sold on 20 percent means 4000 profit means 24000 so 24000 written in cash and - 20000 written in goods and 4000 written in capital that\'s all in this equation