Question

Q.14. Give the accounting equation for the following transactions:
i. Mr. Vaibhav started business with Cash 1,00,000.
il Purchased goods on credit from Rita Stores 9,000.
iii. Purchased Laptop for office use 10,000.
iv. Sold goods to Rina on credit 12,000.
Received Interest * 2,500
vi. Paid Telephone bill * 1,300.​

Answer 1

Explanation:

.14. Give the accounting equation for the following transactions:

i. Mr. Vaibhav started business with Cash 1,00,000.

il Purchased goods on credit from Rita Stores 9,000.higklhlgrphyy gz jcuz

iii. Purchased Laptop for office use 10,000.

iv. Sold goods to Rina on credit 12,000.

Received Interest * 2,500

1. vi. Paid Telephone bill * 1,300