Question

NII UUUR 200.
Give the accounting equation for the following transactions:
1. Mr. Vaibhav started business with Cash 1,00,000.
2. Purchased goods on credit from Rita Stores 9,000.
3. Purchase Laptop for office use * 10,000.
4. Sold goods to Rina on credit 12,000.
5. Received Interest *2,500
6. Paid Telephone bill * 1,300.

✓find total amount?​

Answer 1

Answer:

Tip :-

Assets = Owner's Capital + Liabilities

Explanation:

Assets = Cash + Laptop = 1,03,200 + 10,000 = 1,13,200.

Owner's Capital = 1,04,200

Liabilities = 9,000