Question

Prepare Accounting equation from the following transactions -
1) Started business with cash rupees 80000 and goods worth
rupees 50000.
2) Purchased goods on credit rupees 20000 from Kamal & Sons.
3) Sold goods costing rupees 20000 at a profit of rupees 4000.
4) Paid Rent rupees 5000 and rupees1000 is still outstanding.
5) Paid into bank rupees 35000.​

Answer 1

Answer:

chech it on google because I also once questioned this on google the answer which came was very nice not too small not too big

Answer 2

Explanation:

80000-50000 = 30000

30000-20000= 10000

10000+4000 = 14000

14000-5000 = 9000

remain have only 9000 paid to bank