Question

frnds..Tody is my test..

write accounting equation fo this ques..
answer plz...​

Answer 1

ANSWER:

S. No.

Transactions
Assets
=
Liabilities
+
Capital
Cash
(Rs)
+
Bank
(Rs)
+
Stock
(Rs)
=
Creditors
(Rs)


(Rs)
(i)
Started business with cash
45,000




=


45,000


45,000




=


45,000
(ii)
Opened a Bank Account with a deposit
– 4,500
+
4,500


=





40,500
+
4,500


=


45,000
(iii)
Bought goods from M/s. Sun & Co.




11,200
=
11,200




40,500
+
4,500
+
11,200
=
11,200
+
45,000