Question

5.Prepare accounting equation from the following: Arav started business with cash Rs 5,00,000
Purchased goods on credit Rs 14,000
Purchased furniture for cash Rs 5,000
Bought refrigerator for personal use Rs 5,000
Paid into Bank 10,000
Paid for Rent Rs 500

Answer 1

Explanation:

firstly - 14,000 5,000 5,000 10,000 and 500 from 5,00000 the answer will be here