Question

22.Prepare the accounting equation from the following transactions: Transactions ₹ 1. Business started with cash 1,25,000 2. Purchased goods with cash 50,000 3. Purchased furniture from S.K. furniture for cash 10,000 4. Sold goods for cash 9,000 5. Paid cartage 100 6. Cash Sales of furniture 9,700 7. Rent received 4,000 8. Salary paid 1,000 9. Withdrew for personal use 3,000

pls do step by step​

Answer 1

Answer:

Total Assets

=

Liabilities + Capital

=

80,000 + 1,40,000

=

Rs 2,20,000