Question

Develop accounting equation from the following information.
1- capital invested in to business
Rs. 100000/-
2- purchase goods from rahim Rs. 150000/-,
out of which half amount paid in cash.
3- sold 75% of above goods purchased after
added profite 25% in cash.
4- balance amount paid to rahim and availed
cash discount @10% on payments.
Also pass the necessary journal entries in the books of ram

Answer 1

option 3 is your correct answer

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