Accountancy, asked by kritikajain734, 6 months ago

Q1. Show the Accounting Equation on the basis of following transactions-
(1) Commenced business with cash Rs. 35,000, goods Rs. 80,000, and furniture Rs.
15,000
(2) Purchased goods from Namita on credit Rs. 55,000.
(3) Sold goods on credit Rs. 65,000 (Costing Rs. 55,000)
(4) Purchased furniture for household Rs. 15,000
(5) Cash received from debtors Rs. 45,000,
(6) Paid for wages Rs. 1,000 and received commission Rs. 1,000.​

Answers

Answered by deviganapathiraju
0

Explanation:

thanks for the question

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