Question

prepare accounting equation from the following information 1)started business with cash of 300000 and goods worth 160000. 2)cash deposited into bank of 50000. 3)purchased goods for cash 20000. 4)purchased goods from santhosh of 30000 on credit. 5)sold goods for cash [cost 20000]29000. 6)sold goods to mohan [cost 10000]15000 on credit. 7)paid to santhosh of 30000 on account. 8)received from mohan of 15000. 9)paid salary of 6000. 10)received interest of 4000

Answer 1

here's the answer if you find any mistakes tell me please