Question

Q. 3 GIVE THE ACCOUNTING EQUATION FOR THE FOLLOWING TRANSACTIONS

1)Falgun started business with cash ₹ 1,40,000

2)Falgun purchased goods for₹ 15,000

3)Falgun sold goods for ₹ 11,000

4)Falgun paid Salaries ₹ 3,000

5)Falgun received commission ₹ 450

6)Falgun deposited ₹ 20,000 to open the Account in Bank.

7)Falglun purchased Furniture from Radhe and Sons on Credit for ₹ 11,000.

8)Falgun Paid Rent ₹ 5,000

Answer 1

1,82,550 is the amount he’ll lose.this is the total amount