Ans1: subtract 48500 from cash then subtract 50000 from creditors and add 1500 to capital
Ans2: first you should know the purchase value
Suppose value of good sold is 18000
Subtract stock by 18000 add 20000 to debtor and increase capital by 2000
Suppose value of good sold is 22000 now there is loss so
Subtract stock by 22000 add 20000 to debtor and subtract 2000 from capital☺☺
Written on Dec. 19, 2016, 6:47 a.m.