Q. 1. Prepare Accounting Equation from the following :-
1. Sandeep started business with Cash -1, 00,000
2. Purchased furniture for cash- 5,000
3. Purchased goods for cash-20, 000
4. Purchased goods on credit-36, 000
5. Paid for rent-700
6. Goods costing 40,000 sold at a profit of 20% for cash
Solve it urgently. I will mark braiinliest who will answer the correct.
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Answer:
Accounting equation is Assets = Liabilities + Capital
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