Question

Due to the following transactions, the total of
accounting equation will be:
(i)Commenced business with cash 34,00,000
(ii)Purchased goods on credit 375,000
(iii) Goods costing 1,00,000 sold at a profit of
20% for cash
(iv)Rent paid 35,000
O 34,90,000
O 35,90,000
34,40,000
3,40,000​

Answer 1

Explanation:

Sandeep started business with Cash. 1, 00,000. 2. Purchased furniture for cash ... Goods costing ₹ 40,000 sold at a profit of 20% for cash.