Question

- Prepare Accounting Equation and Balance sheet from the following information: a) Started business with cash Rs 51.000: Furniture R$30,000. Building Rs 1.50,000 b) Purchased goods for cash R$ 40,000 and on credit Rs 51.000. c) Sold goods for Rs 75.000 (costing Rs 66 000) 1/3 of the amount due was received in cash d) Stationery & postage expenses paid Rs 1,000 e) Goods withdrawn for personal use Rs 10.000 (costing Rs 8,000). 1) Paid to creditors Rs 30.500 in full settlement g) Purchased a computer for personal use Rs 36.000​

Answer 1

Merako nahi malum samjhe kay bhai log or bhn log