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Answer:
Assets = liabilities + capital
Cash + stock + prepaid expense + debtors = creditor + outstanding expense + capital
Explanation:
1), 1,80,000+0+0+0= 0+ 0+ 1,80,000
2) 1,20,00+ 90,000+0+0= 30,000+0+ 1,80,000
3) 1,60,000+ 66,000+0+0= 30,000+0+ 1,96,000 ( profit will added in capital)
4) 1,55,000 + 66,000 + 0+0 = 30,000 + 2,400 + 1,88,600
5) 1,55,000+ 28,000 + 0+ 50,000= 30,000+ 2,400+ 2,00,600
6) 1,52,000+ 28,000+ 3,000+ 50,000= 30,000+ 2,400+2,00,600
7) 1,31,940 + 28,000 + 3,000+ 50,000=30,000+2,400+ 2,20,,660
Sorryy if i did any answer or calculation wrong
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