Question

Draw an Accounting Equation for the following transaction
Commenced business with cash t 50.00her onon de 3n

furniture 20.000
personal use of the proper was sold for LG 600

deposited in his Savings Account
() An amount
of 50,000 warned from
Account
A new car was purchased for 60OCO for l t wapend by a
Bank of 5,00.000 and balance by af cheque fmm
0 Sold goods to Ajay go credit card SDGO
E) Sald goods for cash cOsting12O00 far 16,000
(wa) Purchased goods for cash 40,000
( ) Purchased goods on credit for 2,000
(r Paid rent 3.000 including ZZ600 a
G) Paid salaries 2000

) Sold goods costing 8.000 for t 10000
Salaries outstanding LOGO
on furniture 7500 Aset 7.73.500 = Lista 2521000 Copa 2
Hint: In transaction om furniture will be reduced by 500 and capinalwill

reduced by 500 because of loss due to depreciacion

Answer 1

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