Question

Prepare Accounting Equation on the basis of the following:
i. Karan started business with cash 1,60,000.
ii. He purchased furniture for cash 16,000.
iii. He paid rent 1,600.
iv. He purchased goods on credit 24,000.
v. He sold goods costing 16,000 for 40,000 for cash.

Answer 1

Explanation:

Your answer in the attachment.....

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