Question

Q. Show the accounting equation for the following transactions.
1) Rohit Sharma started business with cash Rs. 50,000/-
2) Purchased goods from Dhoni on Credit Rs. 10,000/-.
3) Sold goods to Virat on Credit Rs. 20,000/-
4) Received commission Rs. 500/-
5) Paid for Rent Rs. 500/-.​

Answer 1

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