Question

Accounting equation problems : (10 marks)(accountancy)

1]Prepare Accounting equation on the basis of the following:

(a)Harish started business with cash Rs. 2,00,000
(b) Purchased goods from Naman for cash Rs. 140,000
(c) Sold goods to Bhanu costing Rs. 10,000
(d) Bought furniture on credit Rs.7,000
(e) withdrawn cash for personal use Rs. 2,000.
(f) Deposited cash into bank Rs 5,000
​

Answer 1

Answer:

ANSWER

200000-140000+10000-7000-2000-5000

ANSWER IS 57000

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