Question

Q10: prepare the accounting equation on thebasis of following information:
1. Ram commenced business with cash
300000 and furniture 200000.
2. Machinery purchased for cash 40000.
3. Purchase goods from Raman on credit
50000.
4. Sold goods costing 20000 to Mohan for
cash 28000
5. Additional capital introduced 40,000
6. Commission received in advance 4,000
7. Paid to Raman in full settlement 45000
8. Sold goods costing 30000 for 36000 out of
which 10000 received in cash.
9. Depreciation on furniture provided 10%per annum​

Answer 1

Explanation:

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