Question

Q.20 Show the accounting equation on the
basis of the following transactions. (a)
Started business with Cash 60,000 and Goods
30,000. (b) Purchased goods for cash
240,000 and on credit 25,000. (c) Goods
costing 248,000 sold at a profit of 20%.
Three-fourth payment received in cash. (d)
Goods costing 20,000 sold at a loss of 5% out
f which 12,000 received in cash. (e) Paid Rent
24,000 and Salary 26,000. (f) Charge interest
on Capital e5% p.a.
Your answer​

Answer 1

Answer:

Asset - liability = capital.