Question

Prepare Accounting Equation from the following Information : Rs. (1) Started business with cash 2,00,000 (2) Goods Purchased 40,000 (3) Goods Purchased from Mohan 30,000 (4) Rent paid 10,000 (5) Received commission 12,000​

Answer 1

Answer:

2,00,000-40, 000

=1, 60,000-30, 000

=1, 30,000-10, 000

=1, 20,000+12, 000

=1, 32,000 is answer.