Question

i.
Q.13. Show the accounting equation for the following transactions:
Mr. Mehta started business with 80,000.
ii.
Purchased goods on credit from Ashwin 12,000.
iii. Purchased Furniture from S.M Furniture Mart on credit 6,000.
iv. Sold goods to Anand worth 10,000.
Withdrew cash for personal use 2,500.
vi. Sold goods costing 12,000 at profit of 2,000
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Answer 1

Explanation:

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