Question

draw a accounting equation 1)started business with cash :₹60000and goods ₹30000. 2)purchase goods for cash ₹40000and on credit ₹25000. 3)goods costing ₹48000sold at a profit of 33 1/3%three fourth payment received in cash. 4)goods costing ₹20000sold at a loss of 5%out of which ₹1200 received in cash. 5)paid rent ₹40000and salary outstanding ₹1500. 6)paid telephone bill ₹800.

Answer 1

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