2. Show the effect of following transactions on Accounting Equation:Na

1.	2. Show the effect of following transactions on Accounting Equation:Namita started with business with Cash 780,000. Stock = 25.000 and Furniture 3 45,000(2) Purchased goods on credit * 15,000(3) Sold goods on credit (Costing 5,000) for $4,500Bad debts written off 400(5) Goods returned back worth 1,000 to suppliers.(6) Cash paid to creditors 13,800 in full settlement.Bad debts recovered 300(8) Depreciate Furniture by 4,500(9) Commission paid in advance 600.(10) Commission due but not received 800(11) Furniture costing 8,000 sold for 7,800(12) Additional capital introduced 10,000
Answer» EXPLANATION: *GOOGLE* PE DEKHO MIL jayenga

2. Show the effect of following transactions on Accounting Equation:Namita started with business with Cash 780,000. Stock = 25.000 and Furniture 3 45,000(2) Purchased goods on credit * 15,000(3) Sold goods on credit (Costing 5,000) for $4,500Bad debts written off 400(5) Goods returned back worth 1,000 to suppliers.(6) Cash paid to creditors 13,800 in full settlement.Bad debts recovered 300(8) Depreciate Furniture by 4,500(9) Commission paid in advance 600.(10) Commission due but not received 800(11) Furniture costing 8,000 sold for 7,800(12) Additional capital introduced 10,000

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EXPLANATION:

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