Question
Q.1: Define the following Accounting Equation? ASSETS LIABILITIES + OWNER EQUITY State your answer by the help of given data Jan 1 Jan 2
Q.1: Define the following Accounting Equation? ASSETS LIABILITIES + OWNER EQUITY State your answer by the help of given data Jan 1 Jan 2 Jan 3 Jan 4 Ali started business with cash Rs.20000 Purchase furniture for office use Rs.10000 Purchase office equipment on cash Rs.5000 Purchase Merchandises on credit Rs. 2000 Jan 5 Withdraw cash for personal use Rs. 1000
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
