Question

prepare accounting equation
1=started business with coast₹75000and goods ₹25000
2=paid for rent ₹2000
3=bought goods for case ₹30,000&on credit for ₹44000
4=goods costing ₹50,000 sold at a profit of 25% out of which ₹27500 received in case
5=purchase a motor-cycle for personal use₹20,000​

Answer 1

Answer:

154,500 = 154,500

Explanation:

Assets. = liabilities. + capital

cash.+stock+debtor+bike. =creditor +capital

1. 75000+25000. = 100000

2. -2000. = -2000

3. -30000+30000. = 0

44000. = 44000

4. 27500-50000+35000. = 12500

5. -20000. +20000= 0

TOTAL :

50500. +49000 +35000+20000 =44000+110500

154,500 = 154,500

IT TOOK ME VERY LONG

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