Question

prepare accounting equation of following
1 Sohan started business with cash Rs.1,00,000
2 Sohan purchased goods in credit Rs.5,000​

Answer 1

Answer:

transaction. lf. assets = capital + liability

cash+ goods = creditors

started business. 1,00,000. =. 1,00,000 +0

with cash

purchased goods. 0 + 5,000 = 5,000 + 0

eq = 1,00,000 + 5,000 = 1,05,000 + 0