Question

ACCOUNTING EQUATION AND DOUBLE ENTRY SY
42. Prepare Accounting Equation from the following transactions :
(i) Commenced business with cash 1,50,000 and goods * 50,000
(ii) Paid salary * 10,000.
(iii) Salary outstanding 1,000.
(iv) Prepaid insurance * 4,000.
(v) Interest accrued but not received * 800.
(vi) Rent paid in advance 10,000.
43. From the following transactions, prepare an Accounting Equation :​

Answer 1

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Answer 2

Answer:

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