Question

ajit started a business woth 20,000 and goods with 10,000
he purchase furniture for 2000
he paid rent 200
purchase goods for cash 2000 and on credit 3000
he sold goods costing 2000 for 5000 on cash
assets=liabilities+capital​

Answer 1

Assets = Liabilities + Capital

20,800 (cash) + 2000 (furniture) = 3000 (creditors) + (-200) (loss) + 20000 (capital)

22,800=22,800