Cool Rent Outstanding Accounting Equation
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Started business with cash 120000.
Rent outstanding accounting equation. Salary outstanding 2000. 13000 7000 2000 18000 iii Sold goods for cash Rs 4000 costing Rs 2400. 5000 and on credit Rs.
The outstanding expense is a personal account and is treated as a liability for the business. V Rent outstanding Rs 2000. I Started business with cash 100000 and Goods 20000.
Iii Goods costing 40000 were sold for 55000. Ii Purchased goods for cash Rs. B Purchased goods for Cash 60000 and on Credit 150000.
Rs Outstanding Expenses Rs. Ii Purchased goods for cash 30000 and on credit from Karan 20000. 50000 and goods Rs.
Ii Sold goods worth 10000 for cash. I Harish started business with cash. 40000 were Sold for Rs.
The Accounting Equation and Prepaid Rent The Accounting Equation Assets Liabilities Owners Equity means that the total assets of the business are always equal to the total liabilities plus the equity of the business This is true at any time and applies to each transaction. 4600 2000 19600 iv Rent paid Rs. 30000 and on credit from Karan Rs.
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