Question

5. Show an Accounting Equation for the following transactions :
4
(i) Ajay started business with cash of 2,00,000, Stock (goods) * 50,000, Furniture
20,000 and Creditors 20,000.
(ii) Received commission 3,000 including 500 as advance.
(iii) Paid 60% of creditors and availed a discount of 1,000.
(iv) Sold all furniture @ 20% profit to Rahul and received a B/R for 50% of the
amount and for balance received cash.​

Answer 1

Answer:

I don't know sorry for this