prepare account equations
1 -Shri gopal commerce business
with cash 250000
with good s. 20000
2. purchase gods for cash 90000
3. sold for goods credit ( cost rs 32000) 50000
4. salaried paid 8000
5. prepaid insurance 500
6. salaried outstanding 2000
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Answer:
Assets : Cash Rs. 50,00 + Stock Rs. 49,000 + Debtors Rs. 35,000 = Liabilities : Creditors Rs. 44,000 + Capital Rs. 90,500.
Explanation:
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