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Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be: 
  • a)
    1,13,000=90,000+23,000
  • b)
    1,13,000 = 1,13,000+0
  • c)
    90,000=67,000+23,000
  • d)
    67,000=90,000-23,000
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Ram starts business with Rs. 90,000 and then buys goods from Shyam on ...
Description: Accounting Equation as per the dual aspect concept is:
Assets= Capital + Liabilities
When Ram starts business:
A= C + L
Cash= Capital+ Liability
90,000= 90,000+ Nil
When gods are bought on Credit:
A= C+ L
Cash+ Goods= Capital+ Creditors
90,000+ 23,000= 90,000+ 23,000
1,13,000= 90,000+ 23,000
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Community Answer
Ram starts business with Rs. 90,000 and then buys goods from Shyam on ...
Think as if u are business and ram is your owner he gives u 90000 and then he takes good of 23000 on credit for u means business . So u your liability is 90000 + 23000
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Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer?
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Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer?.
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Here you can find the meaning of Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Ram starts business with Rs. 90,000 and then buys goods from Shyam on credit for Rs. 23,000. The accounting equation based on Assets = Capital + Liabilities will be:a)1,13,000=90,000+23,000b)1,13,000 = 1,13,000+0c)90,000=67,000+23,000d)67,000=90,000-23,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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