Question

Prepare Accounting Equation from the following:
Started business with cash Rs.50000 and goods Rs.30000.
Purchased goods for cash Rs.30000 and on credit Rs.20000.
Goods costing Rs.40000 were sold for Rs.50000 for cash.
Rent Outstanding Rs.2000.
Withdrawn cash for personal use Rs.5000

Answer 1

Please check the Word file for your answer

4ed1b7bf1608bc313f7da2710ef805ea.docx