Question

DONT SPAM OR ILL REPORT UR ACCOUNT
Prepare the Accounting Equation based on the following:
1)Started business with cash Rs 25,000
2)Purchase of goods from Shyam for Cash Rs 10,000
3)Sold goods to Sohan costing Rs 1,800 at Rs 1,500
4)Withdrew from Business cash Rs 5000
5) Salary paid Rs 2000 and Commission received Rs 1,000

Answer 1

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Answer 2

Answer:

repare the Accounting Equation based on the following:

1)Started business with cash Rs 25,000

2)Purchase of goods from Shyam for Cash Rs 10,000

3)Sold goods to Sohan costing Rs 1,800 at Rs 1,500

4)Withdrew from Business cash Rs 5000

5) Salary paid Rs 2000 and Commission received Rs 1,000