Question

Create an accounting equation on the basis of the following transactions:

1. Rakesh started business with a capital of Rs. 1,50,000

2. Deposited money with the bank Rs. 80,000

3. Purchased goods from Mahesh and paid through credit card Rs. 25,000

4. Sold goods (costing Rs. 10,000) to Mohan for Rs. 14,000 who pays through debit card

5. Commission received by cheque and deposited the same in the bank Rs. 2,000

6. Paid office rent through ECS Rs. 6,000

7. Sold goods to Raman for Rs. 15,000 of which Rs. 5,000 was received at once​

Answer 1

Answer:

here you're equation

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