Question

9. Show the Accounting Equation on the basis of the following transactions :
= Liabilities : Creditors 10,000 + Capital
(i) Arjun started business with cash 80,000
(ii) Purchased goods for cash 30,000
(iii) Sold goods costing 20,000 at a profit of 25%
(iv) Purchased goods on credit 10,000
(v) Withdrew cash for private use5,000
(Ans. Cash 70,000 + Stock * 20,000 = Creditors 10,000 + Capital *80,000]​

Answer 1

Explanation:

Hope it's help you...

thnak u