Question

6. Find out accounting equation on the basis of the following transactions of Puma Chandra and Sons- (1) Commenced business with cash Bought goods on credit (ii) Sold goods to Rakesh (Cost 1,000) 20,000 5,000 1.200 5000 Canita​

Answer 1

Answer:

tyufigyyuyyyyuuuuuuuuuuuytrf

Answer 2

Answer:

(ii) Purchased goods on credit + 10,000 + 10,000

New Equation 59,500 +10,000 +20,000 +5,000 = 59,400 +35,000 +100.