Question

6. Anil had the following Transactions:
Commenced business with cash 350,000.
2. Purchased goods for cash 20,000 and credit 30,000.
Sold goods for cash 40,000 costing 30,000
4. Rent paid 5500, Salaries 25000
Rentoutstanding100, Salaries outstanding 1000
6. Bought fumiture 5000 on credit
7. Bought refrigerator for personaluse 25000
8. Purchased computer for cash 20,000
Cash withdrawn for personaluse 510,000
10. Interest on drawings charged
500 and the interest on capital K1000.
I
Use Accounting equation to show the effect of the above transactions.​

Answer 1

Explanation:

bracket used for subtraction

amount withdraw for personal use is not given right