Purchase? Stationary of RS 6000 in accounting equation

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asked Oct 27, 2021 86.6k views

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Offline · Answer 1 · 2021-11-01T19:27:33+0000

Answer:

see below

Step-by-step explanation:

Purchase of goods worth Rs 6000 will increase stocks( assets account by Rs 6000 and increase creditor ( liabilities by 6000). The effect on the accounting equation is as below.

The accounting equation is Assets = Equity + liabilities

Assets = Equity + liabilities

stocks creditors

+ Rs 6000 +Rs 6000

Purchase? Stationary of RS 6000 in accounting equation

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Purchase? Stationary of RS 6000 in accounting equation