Q.16. Prepare Accounting equation from the following:
(a) Started business with cash Rs. 2,00,000 and stock Rs. 50,000.
(b) Deposited into bank Rs. 1,00,000.
(c) Purchased goods for cash Rs. 20,000 and credit Rs. 60,000.
(d) Sold 75% of the goods at a profit of 20% on cash.
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Answer:
"Sold" (and any subsequent words) was ignored because we limit queries to 32 words.
Explanation:
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
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