Question

Prepare Accounting Equation of following: 2

1. Sohan started business with Cash Rs. 1,00,000.

2. Sohan Purchased goods on Credit Rs. 5,000.​

Answer 1

Answer:

assets = liabilities + capital

cash + stock = creditors + capital

1) 100000 + 0 = 0 + 100000

2) 0 + 5000 = 5000 + 0

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100000 + 5000 = 5000+ 100000