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 (6) Furniture purchased from Best Furniture House 14,000 (7) Withdrew for personal use 10,000 (8) Amount paid to creditors 13,000 (9) Goods costing 10,000 sold at a profit of 20% (10) Goods costing 20,000 sold at a profit of 25% to Mohit (11) Received from Debtors 15,000 (12) Amount deposited in bank 12,000 (13) Computer purchased for personal use 18,000​

Answer 1

Explanation:

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