Question

Bills Payable 29,000 + Capital
15. Prepare the accounting equation of Sunny for 2018-2019.
(a) Sunny started business with bank balance 90,000
(b) Purchase furniture 10,000.
(e) Taxes collected from the customer 10,000
(d) Bank charges ? 1,000.
(e) Collected Taxes deposited with the government *8.000.
(f) Income Tax paid by cheque 10,000
(g) Depreciate furniture by 500.
(h) Life Insurance Premium paid in cash 2,000.
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Answer 1

Answer:

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