Question

Prepare Accounting Equation from the following and also prepare the

Balance Sheet:-

1. Raghu started business with cash Rs. 1,50,000, Buildings Rs. 5,00,000 and

Furniture Rs. 1,80,000.

2. Bought goods for cash Rs. 80,000 and on credit Rs. 40,000.

3. Goods costing Rs. 75,000 sold at profit of 40%. Half the payment received in

cash.

4. Goods costing Rs. 10,000 sold for 12,000 on credit.

5. Paid rent Rs. 2,000 and salaries Rs. 4,000.

6. Goods of which selling price is Rs 20,000 (Cost price Rs 16,000) was given

as charity to the NGO​

Answer 1

Explanation:

Do you answer yourself...