Question

(a) Rajesh started business with cash 9.000.
6 Show the Accounting Equation on the basis of the following transactions :
(1) Business expenses 700.
(b) Purchased equipment for cash 7,400.
(8) Goods worth 400 taken from business
for personal use.
(h) Depreciation on equipment 200.
(1) Purchased goods for cash 1,000.
(1) Rent outstanding 200.
(c) Purchased goods on credit * 2.650.
(d) Paid 300 to creditors.
(e) Sold goods for cash 2.000
(Cost price 1.200).​

Answer 1

JOURNAL ENTRIES IN THE BOOKS OF RAJESH

Explanation:

REFER TO THE ATTACHMENT FOE THE ANSWER.

Answer 2

10850

Explanation:

accountig equations