Question

8. Show the accounting equation on the basis of the following transactions:
S
(1) Sold goods (costing?
₹
(1) Manu started business
6,00,000
Cash
1,00,000
Goods
90,000
(1) Purchased office machine for cash
70,000
(ii) Sold goods (costing 60000) for credit to Asha
1,30,000
(iv) Purchased building for cash
80,000
(v) Cash received from Ashu
70,000
(vi) Purchased goods on credit from M/S Ashok Traders
6,000
(viiSalaries paid
(vii) Insurance prepaid
10,000
(ix) Cash paid to M/s Ashok Traders in full settlement
68,000​

Answer 1

Answer:

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Explanation:

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