Question

L.Prepare accounting equation and balance sheet from the following information
i)Mohan started business with cash rupees 500000 building rupees 300000 and furniture rupees 200000.
ii) charge depreciation on the fixed assets @ 5% for 73 days.
Tii) rent paid rupees 3000 and rent outstanding 2000,
Iv) income earned but not received rupees 4000
V) rent not due but paid rupees 6000
Vi) purchase goods from Manisha rupees 50000 half of the payment made in cash
Vii)goods withdrawn for personal use costing 2,000 selling price 2500
Viii) sold the personal car of the Mohan and invested the amount in the firm's bank account 60000​

Answer 1

Answer:

it is very simple u can solve this problem easily