Question

Prepare an accounting equation from the following:

1.The following balances appeared in the books of AKSHITA: Cash Rs 80,000; Cash at Bank Rs 20,000 Stock Rs 30,000; Machinery Rs 20,000; Outstanding Salary Rs 10,000; Prepaid Insurance Rs 1,000

2. Sold goods costing Rs 5,000 on credit to Manish for Rs _________

3. Received Rs _________ from Manish after receiveing a cash discount of Rs 300 which was 5% of the amount due from him.

4. Paid cash Rs 5,000 for outstanding salary.​

Answer 1

Answer:

2.2000.Rs,2000Rs,1000Rs

3.5000