Question

prepare accounting equation on the basis of the following

1. HARISH STARTED BUSINESS WITH CASH Rs.200000.

2. PURCHASED GOODS FROM NOMAN FOR CASH Rs.140000.

3. SOLD GOODS TO BHANU COSTING Rs.10000.

4. BOUGHT FURNITURE ON CREDIT Rs.7000

5. WITHDRAWN CASH FOR PERSONAL USE Rs.2000.

6. DEPOSITED CASH INTO BANK Rs.5000.
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Answer 1

Answer:

1. In assets cash balance 200000

2. In purchase a/c addition of 140000

3.sales ac 10000

4 . In assets furniture ac 7000 and addition I. creditors

5.drawing