Q. 2. (A) Show the Accounting Equation on the basis of the following and present
balance sheet on the last new equation balances :
(i) Manu started business with cash
(ii) Bought furniture for
(iii) Purchased goods on credit
(iv) Sold goods on cash (cost *500) for
(v) Received rent
(vi) Purchased goods for cash
(vii) Withdrew for personal use
(viii) Paid to creditors
(ix) Paid for salaries
₹
50,000
500
4,000
700
200
1,000
700
400
200
Assets.
Cash F48
H
Answers
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Explanation:
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