Question

Prepare Accounting Equation from the following.
1. Started business with cash 50,000
2. Deposited in bank 30,000
3. Purchased goods on credit from Mr. Y. 10,000
4. Sold goods (costing 8,000) on credit to Mr. Z. 10,000
5. Borrowed cash from Mr. A. 10,000
6. Cash paid on account of salaries of employees 8,000
7. Furniture purchased. 5,000
8. Withdrawn cash from business for personal use 2,000
9. Returned goods to Mr.Y of Rs 1,000
10. Received Commission 3,000 including 500 in advance.

Answer 1

Answer:

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1000

Explanation:

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