Question

mohan had to following transaction in an accouanting year .
a.commenced business with cash rs.50,000
b.paid in to bankbrs.10,000
c.purchased goods for cash rs.20,000 and credit rs.30,000
c.sold goods for cash rs.40,000
d.costing rs.30,000
e.raint paid rs.500
f.rent out standing rs.100
g.bought furniture rs.5,000 on credit
h.bought rrfrigerator for personal use rs.5,000
h. purchesed machinary for cash rs.20,000
create an accounting equation to show the effect of the above transctions on his assetes and libiltiy and capitals
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Answer 1

Answer:

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