Question

13. Raghunath had the following transactions in an accounting year:
(i) Commenced business with cash 50,000.
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(ii) Paid into bank 10,000.
(iii) Purchased goods for cash 20,000 and credit * 30,000.
(iv) Sold goods for cash 40,000 costing * 30,000.
(U) Rent paid 500.
(vi) Rent outstanding * 100.
Ic
(vii) Bought furniture 5,000 on credit.
(viii) Bought refrigerator for personal use 5,000.
(ix) Purchased motorcycle for cash 20,000.
Create an Accounting Equation to show the effect of the above and also show his Balanc
[Assets: Cash 34,500 + Bank 10,000 + Stock?
+ Furniture 5,000 + Motorcycle 20,000 = Liabilities: Creditors
+ Outstanding Rent 100 + Vendor for Furniture 5,000 + Capital:​

Answer 1

Answer:

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