Question

pre pare accounting equation for the following transaction:
a. Ram started business with cash 1,80,000 goods 50,000 debtors
10,000 furniture 10,000 and creditors 20,000
b. goods costing 6000 sold to Amit at loss of 10% out of which 2000
received in cash
c. cash deposited into bank * 20,000
d. rent outstanding 5000
e. received cheque form amit 3200 in full settlement t of 3400.
f. insurance paid in advance 1000
g. paid to creditors of 18,000 by cheque in full settlement of 20,000
h. depreciate furniture @ 10%
i. unearned interest 2000

Answer 1

Answer:

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