Question

prepare accounting equation. 1-started business with cash 50000.2-purchase books for cash 20000 from ram 10000.3-sold 10000 books at 20%profit and half amount receive in cash.4-received commission 20000.5-paid to creditor 9000 in the full settlement of account​

Answer 1

Answer:

here is your ans. the 3rd and 5th transition are inter related