Question

Q.1 Give the Accounting Equation from the following transactions. (5)
1) Started business with cash 50,000.
2) Bought goods from Neha 6,000 on credit.
3) Sold goods to Santosh 9,000 on credit.
4) Paid Electricity bill 3,500.
5) Received Commission 1,000.​

Answer 1

Answer:

Bought goods from Neha 6,000 on credit.