Question

on 10,000.
1. Prove that accounting equation is satisfied in all the following transactions and
also prepare a balance sheet :
() Started business with cash ₹1, 20,000
(ii) Purchased a typewriter for cash for office use 8000
(iii) Purchased goods for cash 50,000
(iv) Purchased goods on credit 40, 000
(v) Sold Goods for credit costing 60,000 (80, 000)
(vi) Paid Rent 1, 500
(vii) Paid Salaries 2,000
(viii) Received Commission 800
(ix) Withdrew in cash for personal use 5,000​

Answer 1

Answer:

I don't have time to solve this question sorry because of the today my test