Question

Q3. Give the accounting equation for the following transactions 11 Raj stared business with cash 2.1,00,000 2: Brought goods on credit from Umesh 36.000 3} Paid Wages 3,000 } 47 4 Cash purchases a 5.000 5 Sold goods to Sasilea ā 7,000 on credit
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Answer 1

Answer:

Raj wasted 56,000 from 1,00,000.

Got a revenue of 63,000 from 56,000.

Explanation:

1,00,000 - 36,000 - 3,000 - 5,000 = 56,000

56,000 + 7,000 = 63,000