Question

prepare an accounting equation in the books of Ramesh started business with cash rupees 250000/purchased goods on credit Rs. 10000/sold goods costing Rs .5000 for Rs .7000 /purchased goods for cash Rs .4000 /rent paid Rs . 500 and rent outstanding Rs . 400/sold goods on credit rupees 12000 costing Rs . 14000 / paid salary in advance 1000 / received interest Rs . 200
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Answer 1

Explanation:

count first all cash then it's called capital

then all accounts r debit to cash