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Opened a Bank Account by depositing 25000 out of cash iii He sold his personal car for 50000 and deposited the amount in the firms Bank Account iv He purchased a building and furniture for.
Deposited into bank accounting equation. Purchased goods from Mohan Rs. The funds owned by the company are called assets. For this transaction the accounting equation is shown in the following table.
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140000 250000 390000 ii Goods costing Rs 50000 sold at a profit of 25 on cost 62500 50000 12500 Profit 202500 200000 402500 iii Deposited into bank 180000 180000. 20000 and 25000 but presented on 5 th January 2019. 5 he sold goods on credit to satish costing rs.
New equation 50000 50000 paid into bank -10000 10000 new equation 40000 10000 50000. For this transaction the accounting equation is shown in the following table. It is to be noted here that the Accounting Equation shall remain balanced every time.
D Bank book will show double balance. Find the principal that must be deposited in an account with an annual interest rate of 6 compounded continuously so that after 25 years the balance is 25000. Asked Feb 29 2020 in Mathematics by Stratolaunch.
The Accounting Equation The accounting equation Assets Liabilities Capital means that the total assets of the business are always equal to the total liabilities plus the owners equity of the business. Accounting is based on the principle of two-sided. Balance as per Bank Book is 8000.
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