Question

20. Prepare accounting equation on the basis of the following transactions.

a. Jeevan commenced business with cash Rs 200000.​

Answer 1

Answer:

27/01/2021 · Q.9 Prepare an Accounting Equation on the basis of the following transactions: (i) Started business with cash ₹ 70,000. (ii) Credit purchase of goods ₹ 18,000. (iii) Payment made to creditors in full settlement ₹ 17,500. (iv) Purchase of machinery for cash ₹ 20,000. (v) Depreciation on machinery ₹ 2,000.