Question

Q.1 Prepare accounting equation on the basis of following transactions-
(10 marks)
S. NO.
I
Amount (Rs)
(6) Aradhana started business with:
Cash
20,000
Goods
12,000
Machinery
8,000
(ii) She purchased goods for
Cash, and
5000
Credit
7000
(iii) Sold goods (costing Rs 2,000) for
2500
(iv) Payment made to creditor in full settlement
6900
(v) Sold goods on credit (costing Rs 5400) for
6000
(vi) Salaries Paid
4000
(vii) Wages outstanding
400
(viii) Prepaid Insurance
100
(ix) Depreciation on Machinery
800
(x) Withdrawn cash for personal use
1000​

Answer 1

Answer:

Thanks

Explanation:

K