Question

Prepare an Accounting Equation from the following:
1. Started business with Cash ₹50,000.
2. Paid Salary ₹5,000.
3. Rent Outstanding ₹1,000.
4. Accrued Interest ₹1,500
5. Interest on Capital ₹2, 500.
6.Bought goods for cash ₹30,000 and on Credit for ₹50,000.
7. Goods costing ₹10,000 sold at a profit of 25%, out of which ₹7,000 received in cash.
8.Purchased a Television for personal use ₹2,500.​

Answer 1

Answer:

1620

Explanation:

50,000−7,500−2,500−30,000+50,000−10,000−7,000−2,500 =40500÷25

=1620

I hope this will helps you