Question

business started with cash Rs.100000 , cash purchases Rs.50000 , cash sales Rs.60000 prepare accounting equation​

Answer 1

Answer:

Transaction of Mohan traders are given blow show the effect of dose transaction on assist liabilities and capital with the help of accounting equation A) business started with cash rupees 100000 B) cash purchase rupees 50000 C) cash sale rupees 60000 D) purchase furniture for rupees 5000 E) paid rent rupees 4000 F) brought from Ratan rupees 8000?

Answer 2

Explanation:

asset = liabilities + capital

1,00,000 = + 1,00,000

50,000 = + 50,000

50,000 = 50,000