Question

Prepare accounting equations on the basis of the following
(1) Rahim started business with cash * 2,00,000.
(ii) Furniture purchased for Cash 20,000.
(iii) Rent paid in cash * 2,000.
(iv) Purchased goods on credit 2 30,000.
(v) Sold goods (cost price 20,000) for 25,000 in cash.

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Answer 1

Heya ☺

You can refer to attachment for answer ✌

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Answer 2

Hey Mate here is your answer ✌️