Question

4. Use accounting equation to show the effect of the following transactions of M/s Royal Teaders:
a) Started business with cash
Rs.1,20,000
b) Purchased goods for cash
Rs. 10,000
c) Rent received
Rs. 5,000
d) Salary outstanding
Rs. 2,000
e) Prepaid Insurance
Rs. 1,000
f) Received interest
Rs. 700
) Sold goods for cash (Costing Rs. 5,000)
Rs. 7,000
h) Goods destroyed by fire Rs. 500
Pleas give answer in photo

Answer 1

Answer:

Explanation:

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