Question

Analysis of Transactions
1. Prepare accounting equation on the basis of the following:
(a) Harsha started business with cash
Rs.2,00,000
(b) Purchased goods from Naman for cash
Rs. 40,000
(c) Sold goods to Bhanu costing Rs.10,000/-
Rs. 12,000
(d) Bought furniture on credit
Rs. 7,000
(Ans: Asset = cash Rs. 1,60,000 + Goods Rs. 30,000 + Debtors Rs. 12,000
+ Furniture Rs. 7,000 = Rs. 2,09,000; Liabilities = Creditors Rs. 7,000 +
Capital Rs. 2,02,000 = Rs. 2,09,000)​

Answer 1

Answer:

30000 ok this is correct ans hope useful to you