Question

Prepare Accounting Equation on the basis of the following : 2

(i) Ashish Ghosh started business with cash—R 40,000

(ii) Purchased furniture for cash—R 5,000

(iii) Purchased goods from Sonali—R 8,400

(iv) Paid for wages—R 1,200​

Answer 1

Answer:Starting business with cash=          40000

purchased furniture                            =         -5000

purchased goods                                 =         -8400

wages                                                     =         -1200

                                                                           ------------

total                                                          =        25400

Answer 2

Explanation:

total answer :-. 25, 400

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