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Commerce · Q2435

Accounting

Graduate and Post Graduate · Commerce · question 2435

Q2435

X started business with a capital of Rs. 20,000 and purchased goods worth Rs. 2,000 on credit. These transactions may be expressed in the from of 'Accounting Equation' such as:

A.
Rs. 22,000 = Rs. 20,000 + Rs. 2,000
Answer
B.
Rs.20,000 = Rs. 22,000 - Rs. 2,000
C.
Rs. 22,000 = Rs. 22,000 + 0
D.
Rs. 22,000 = 0 + Rs. 22,000

Answer: Option A

Solution

Answer: Option A
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