Question
Prove that Accounting Equation is satisfied in all the following transactions of Al Seeb Trading Company. a) Commenced business with cash RO80,000. b) Paid rent
Prove that Accounting Equation is satisfied in all the following transactions of Al Seeb Trading Company.
a) Commenced business with cash RO80,000.
b) Paid rent in advance RO 1000.
c) Purchased goods for cash RO 20,000 and on account RO. 30, 000.
d) Sold goods for cash RO 20,000 Costing RO 10,000
e) Paid salary RO 100 and salary outstanding being RO 500
Prove that Accounting Equation is satisfied in all the following transactions of Al Seeb Trading Company.
a) Commenced business with cash RO80,000.
b) Paid rent in advance RO 1000.
c) Purchased goods for cash RO 20,000 and on account RO. 30, 000.
d) Sold goods for cash RO 20,000 Costing RO 10,000
e) Paid salary RO 100 and salary outstanding being RO 500
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
