ILLUSTRATION 10. Following transaction are giv a. Started business with cash Rs. 250,000.
b. Goods purchased on credit of Rs. 40,000.
c. Goods costing Rs. 20,000 was sold for cash for R
d. Paid to creditors Rs. 10,000.
e. Amount withdrawn by proprietor Rs. 10,000.
f. Interest on capital Rs. 1,000.
8. Transfer from capital to loan Rs. 5,000
Required: Accounting equation
Solution

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs

What are the uses of national income data

Acountry has reached a level of economic development where the manufacturing of both semidurable and nondurable consumer goods has just begun. also, the goods demanded relate to equipment and supplies to support manufacturing. in which stage of rostow’s five-stage model of economic growth does the country fit?