Question

prepare accounting equation from the following :a started business with cash ₹2,00,000​

Answer 1

Answer:

(i) Started business with cash Rs. 50,000 and goods Rs. 30,000. (ii) Purchased goods for cash Rs. 30,000 and on credit from Karan Rs. 20,000. (iii) Goods costing Rs. 40,000 were Sold for Rs. 55,000. (iv) Withdrew cash for personal use Rs. 10,000. (v) Rent outstanding Rs. 2,000.Read more on Sarthaks.com - https://www.sarthaks.com/473683/prepare-accounting-equation-from-the-following-started-business-with-cash-000-and-goods