Question

14. Prepare the Accounting Equation from the following transactions:
3. Sachen started business and introduced capital Rs.1,00 000 in cash.
2. Purchased goods in cash Rs 50,000 and on credit of Rs 30,000
3. Sold goods costing Rs 25.000 for Rs 35.000 against cash​

Answer 1

Answer:

check the solution

Final equation :- Assets ( Cash + inventory) = capital + Liability (creditors)

985000 + 55000 = 110000 + 30000