Goods amounting to ₹45,000 were sold for ₹60,000 on a cash basis. It affects Cash and Inventory on the assets side and capital on the other side. There is an increase in cash by ₹60,000 and a decrease in inventory …
Goods costing ₹ 25,000 sold to Rajani Enterprises for ₹ 35,000. Analysis of transaction: This transaction decreases stock of goods (assets) by ₹ 25,000 and increases assets (Rajani Enterprises as debtors ₹ 35,000) and capital (with the profit of ₹ …