Question

Mr. Baabul is a cloth merchant. Prepare accounting equation in his books from the following
particulars which relate to the financial year 2010-2011.
(1) He commenced business with cash Rs. 95,000.
(ii) He purchased goods of Rs. 30000 for cash Rs. 35000.
(iii) He sold goods of Rs. 30000 for cash Rs.35000.
(iv) He paid Rs. 500 for electricity charges and Rs. 800 for telephone charges.
(v) He took a loan from Bank Rs. 15000.
(vi) He made drawing in cash Rs. 6000.
(vii) He paid wages Rs. 700 in cash.​

Answer 1

Answer:

2000

Explanation:

35000+35000+500+800+15000+6000+700=93000-95000=2000

Answer 2

Answer:

full step by step explain plz