Question

Q. 8. (B) Prepare Accounting Equation from the following and also prepare a
Balance Sheet
1. Raghu started business with Cash 31,50.000,
2. Bought goods for cash 780,000 and on credit for 40,000.
3. Goods costing 875,000 sold at a profit of 33%. Half the payment received
in cash.
4. Goods costing 10,000 sold for 12,000 on credit.
5. Paid for Rent 2,000 and for salaries 74,000
Goods costing 20,000 sold for 18,500 for Cash.​

Answer 1

Answer:

sare bolo kuta kuta kita

Answer 2

Explanation:

I think the 3rd point is wrong since the sales are more than purchased goods .

I got stock value negative.

check the problem again