Question

Due to the following transactions, the total of accounting equation will be:
(i) Commenced business with cash Rs. 4,00,000.
(ii) Purchased goods on credit Rs. 75,000
(iii) Goods costing Rs. 1,00,000 sold at a profit of 20% for cash
(iv) Rent paid Rs. 5,000​

Answer 1

Answer:

A=L+C

4,00,000. = _+ 4,00,000

=75,000. = 75,000 + _

=(1,00,000)

120000. = _ + 20,000

=(5000) = _+ (5000)

Explanation:

4,90,000 will be total

Answer 2

Answer:

Your answer

HOPE it HELPS you