Question

Prepare accounting equation on the basis of following transactions-


S. NO. Amount (Rs)

(i) Aradhana started business with:

Cash 20,000

Goods 12,000

Machinery 8,000

(ii) She purchased goods for

Cash, and 5000

Credit 7000

(iii) Sold goods (costing Rs 2,000) for 2500

(iv) Payment made to creditor in full settlement 6900

(v) Sold goods on credit (costing Rs 5400) for 6000

(vi) Salaries Paid 4000

(vii) Wages outstanding 400

(viii) Prepaid Insurance 100

(ix) Depreciation on Machinery 800

(x) Withdrawn cash for personal use 1000​

Answer 1

Answer:

Mark as brainliest!!!

Explanation: