Question

13.
i)
vi) Received an order for goods for 1,50,000 from Mis Karan & Sons.
What will be the effect of the following on the Accounting equation ?
Raj started business with cash 1,80,000
ii) Purchased goods for cash 60,000 and on credit 330.000
iii) Sold goods for cash 40,000; costing 24,000.
iv) Rent paid 5,000; and rent outstanding * 2.000.
v) Sold goods on credit 50,000 (costing * 38,000)
vi) Salary paid in advance * 3,000.
Also prepare the Balance Sheet​

Answer 1

Answer:

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Explanation:

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