Question

Q. 9 (A). Prepare Accounting Equation from the following :-
1. Started business with cash 75,000 and goods 25,000.
2. Paid for Rent 2,000.
3. Bought goods for cash 30,000 and on credit for 344,000.
4. Goods costing 50,000 sold at a profit of 25%, out of which 27,500
received in Cash.
5. Purchased a Motor-cycle for personal use 20,000.​

Answer 1

Explanation:

Started business with cash 75,000 and goods 25,000. 2. Paid for Rent 2,000. 3. Bought goods for cash 30,000 and on credit for 344,000. 4. Goods costing 50,000 sold at a profit of 25%, out of which 27,500

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