Question

Mr.X had the following transactions. Prepare accounting equation. (a) Commenced business with cash Rs. 60,000 (b) Purchased goods for cash Rs.24,000 and credit Rs.36,000 (c) Sold goods costing Rs.36,000 for cash Rs.48,000 (d) Rent paid Rs.600 (e) Rent outstanding Rs. 120 (f Bought furniture Rs.6,000 on credit (g) Bought refrigerator for personal use Rs.6,000 (h) Purchased building for cash Rs.24,000.​

Answer 1

Explanation:

in this question in part (a) (b) (c)

in bthis question we have to do adddition

in whole question