Question

pare accounting equation from the following transactions of Shivnarayan :
(1) Commenced business with cash
25,000
(ii) Cash purchases
15,000
(iii) Credit purchases
10,000
(iv) Cash sales (cost 5,000)
6,000
(V) Bought Furniture on credit
1,000
(vi) Paid to creditors
7500​

Answer 1

Cash sales(cost 5,000)6,000

Answer 2

Explanation:

cash rs8500; stock rs 20000; furniture rs1000 ; creditors rs 3500; capital rs 26000