Question

1. Mohan
commenced business with cash Rs 2,00,000
3. Prepare accounting equation from the following te ansat
2 Purchased goods from Rahul Rs. 75.000
3 sold goods consisting Rs, 50,000 for Rs. 60,000
Purchased furniture from Royal Oak Rs. 5,000​

Answer 1

Assets. - Liabilities. =. capital

cash - 0. =. capital 200,000

200,000

purchases. - 0. =. 75000

75000

sales 60000-50000 - 0. =. 10,000

=10,000

furniture 5000===========5000

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total assets = 290,000 and capital 290,000 liability=ans