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    Ankit007807's Avatar
    Ankit007807 Posts: 1, Reputation: 1
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    #1

    Aug 11, 2012, 11:20 PM
    accounting equation
    if we sold10000/- goods on 10% td then what will be written on assets side and what will be return on libilites side in accounting equation
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Aug 12, 2012, 05:43 AM
    Can't say what the effect is on liabilities because you haven't specified two things
    Were the goods sold on credit
    Does the business operate with bank overdraft

    Suggest you invest in a mind reading course
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