Question

prepare accounting equation from the following transaction​

Answer 1

Answer:

Prepare accounting equation from the following

1) Kunal started business with case Rs 2,50,000

2) He purchased furniture for case Rs 35,000

3) He paid commission Rs 2,000

4) He purchased goods on credit Rs 40,000

5) He sold goods ( coasting Rs 20,000 ) for case Rs 26,000.