Question

from the following transaction prepare and accounting equation and the balance sheet 1. business commenced with cash rupees 50000, goods rupees 15000 number 2 opened a bank account by depositing rupees 30,000 number 3 goods purchased for rupees 10000 from Anand rupees 2,000 paid in cash and 7600 paid by cash fore a machine is purchased from Raj for rupees 20000 on credit 5. amount withdrawal from bank for rupees 7000 out of which rupees 3000 is used for household purpose number 6 goods costing rupees 12000 was sold at 20% profit and at 20% trade discount half of the amount is received in cash.​

Answer 1

according to which the answer is 1220 is the correct answer of this question