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
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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.
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