Question

2. Create an Accounting Equation on the basis of the following transactions

1. Kapil started business with cash 5,00,000

2. Purchased a building from Shyam Paid by raising a loan from SBI. 10,00,000

3. Paid interest on loan 20,000 and instalment of 2,00,000

4. Purchased goods from Rohan on credit. 1,00,000

5. Goods returned to Rohan costing. 20,000

6. Sold goods costing 40,000 for 50,000 on credit to Ramesh

7. Took goods of 10,000 from business for personal use.

8. Accrued interest 5,000

9. Commission received in advance.

answer please

Answer 1

Answer:

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