Question

Give accounting equation for following transaction and prepare balance sheet of Mr Kumar for the year 2016 a) commenced business with cash rupees rupees 80000 and furniture rupees 15000 b) purchased goods on credit from Mohit rupees 30000 sold two third of the above goods at a profit of 20% on cost . 75% of payment received immediately d) one-third of the amount due to Mohit was paid after deducting 5% cash e) depreciate furniture by 10% f) a bad debts written off earlier paid rupees 5000 g) paid rupees 19500 Mohit in full settlement

Answer 1

Answer:

Give accounting equation for following transaction and ... goods on credit from Mohit rupees 30000 sold two third of the ...

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Answer:trying this next time sorryExplanation: tell your next question More

Answer 2

Answer:

hyy here is your answer...........♦️♦️