Question

43. From the following transactions, prepare an Accounting Equation:
Salu started a business with 1,50,000.
He purchased goods worth 1,00,000.
(iii) Interest received in advance 15,000.
(iv) Sold goods costing 60,000 for 80,000.
(v) Additional capital introduced 40,000.
(vi) He purchased furniture worth 10,000.
Journalise the following transactions: ​

Answer 1

Answer:

Pvt.Ltd and government