Question

prepare accounting equation on the basis of the following
a.Harish started business with cash Rs.2.00.000
b.purchased goods from Naman for cash Rs.140.000
c.Sold goods to Bhanu costing Rs.10.000​

Answer 1

Explanation:

Assets = liabilities + capital

Cash+stock = credirors + o/s rent +capital

1)

18000

18000

2)

−5000+7000=2000 +18000

13000+7000=2000 +18000

3)

4000−2400 1600

14000+4600=2000 +19,600

4)

−1000=200 −1200

16000+4600=2000 200+18400