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. I read in class 11 .
Answers
Answered by
1
Answer:
A=C+L
143300=107300+36000
Explanation:
- Total assets 143300(122300+5000+16000)]
cash - 122300(100000-5000-20000-700+48000)
Furniture - 5000
Stock - 16000(20000+36000-40000)
- Total liabilities 36000
creditors - 36000
- capital. 107300. (100000+7300)
own contribution -100000
profit and loss from operation 7300(-700+8000)
l
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Answer:
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