Question

Prepare Accounting Equation from the following:- 1. Sandeep started business with Cash 1,00,000 2. Purchased furniture for cash 5,000 3. Purchased goods for cash 20,000 4. Purchased goods on credit 36,000 5. Paid for rent 700 6.Goods costing ₹ 40,000 sold at a profit of 20% for cash​

Answer 1

Answer:

Sandeep started business with Cash 1,00,000