1(D) BASIC CONCEPT OF ACCOUNTING EQUATION

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EXCELLENT LOGIC!
ACCOUNTS UPDATED

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LOGICAL ERROR!
TRY AGAIN, CEO.

THE MERCHANT'S QUEST: CEO SIMULATOR 🎮

💡 Accountant's Advice
Advice text appears here...

MISSION 1: Welcome CEO! You are starting "Elite Tech-Hub". The law says your business is a separate "person" from you. What is this concept called?

-- Scroll to Select Answer -- Business Entity Capital Machinery (Fixed Asset) Purchases Goods Sales Debtor Creditor Profit Gain Loss Trade Discount Cash Discount

LIVE ACCOUNTING BOARD

Cash: ₹0

Machinery: ₹0

Stock: ₹0

Debtors: ₹0

Capital: ₹0

Creditors: ₹0

Net Profit: ₹0

ACCOUNTING EQUATION (A = L + C)

₹0 = ₹0 + ₹0