Mr Ramanashree started a business uzder the name of “Ramanashree &co” The details of the transactions of h
business are given below.
a) commenced business with capital of 100000
b) Bought goods on credit from Ramesh 80000
c) Bought furniture for cash 10000
d) Sold goods for cash 40000
e) paid Ramesh of account 40000
i) Paid shop rent 10000
g) paid salaries 50000
h) Sold goods on credit to vimal 25000
i) withdraw cash for personal use 10000
j) received commission 5000
Prepare accounting equation from the above transaction.
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Mr R started a business the detail of the transaction of his business are given below
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