Question

Q.7 Show the Accounting Equation on the basis of the following
transactions:
(6)
a) Business started with cash Rs. 1,00,000
b) Purchased goods for cash Rs. 25,000 and on credit Rs. 20,000.
c) Sold goods on credit (cost price Rs. 15,000) 20,000.
d) Paid rent in advance Rs. 5,000.
f) Received Commission Rs. 2,000.
g) paid to creditors
Rs. 15,000.​

Answer 1

Answer:

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Step-by-step explanation:

1,00,000=25,000+15,000+5000-5000+2000+15,000+25,000