Question

19.
Show
Show the impact of following transactions on the Accounting Equation and check
whether the equation remains balanced or not:
1. Ramesh commences business with 1,10,000.
2. Purchased machinery for $60,000.
3. Purchased furniture for 8,000.
4. Purchased goods for 10,000 on cash.
5. Purchased goods for 15,000 on credit from M/s Kamal Traders.
6. Sold goods for cash 18,000 costing *13,500.
7. Paid wages *2,500.
8. Paid 7,500 to M/s Kamal Traders on account.
9. Paid insurance premium *800.
​

Answer 1

this question is very hard