Question
A sole trader sells goods for cash for $ 500 which had cost $ 300. Which elements of the accounting equation will change due to
A sole trader sells goods for cash for $ 500 which had cost $ 300. Which elements of
the accounting equation will change due to this transaction?
a. Assets and liabilities
b. Assets and capital
c. Capital and liabilities
d. Assets only
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Business Law
Authors: Henry Cheeseman
10th Edition
0134728785, 978-0134728780
