Question

8. Develop an Accounting Equation from the following transactions:
(1) Mohan commenced business with cash
(i) Purchased goods for cash
(i) Purchased goods on credit
(iv) Sold goods (costing 10,000) for
(u) Bought furniture on credit
(vi) Paid cash to a creditor
(i) Salary paid
50,000
30.000
20,000
12,000
2,000
15,000
1.000​

Answer 1

Answer:

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