Question

Prepare the Accounting Equation on the basis of the following: 1. Kapil commenced business with of Rs.1,50,000. 2. Goods purchased in cash for Rs.60,000. 3. Purchased furniture of Rs.20,000 from M/S Trendz Furnitures on credit. 4. Received commission of Rs.4,000. 5. Kapil withdrew Rs.7,000 for personal use. 6. Goods costing Rs.8,000 sold for Rs.10,000 in cash.

Answer 1

The solution is attached herewith

Answer 2

hey buddy ....

hope you find the answer... just u need to make sure that both the sides are equal