Question

Q3. Prepare the accounting equation on the basis of the following transactions:
(a) Started a business with cash ₹ 50,000 an inventory ₹ 20,000
(b) Bought goods for cash ₹ 15,000 and on credit ₹ 10,000
(c) Goods costing ₹ 24,000 sold at a profit of 333
1%> Half the payment was received in
cash.
(d) Purchases furniture for office use ₹ 6,000 and household use ₹ 4,000

Answer 1

1- show the effect of the following transactions on the accounting equation.

a) Started business with cash rs 50

000 and goods rs 20000.

b) Bought goods for cash 15000 and on credit for rs 10000.

c) Goods costing rs 24000 sold at a profit of 1/3, half the payment received in cash.

d) Purchased furniture for office use 6000 and for household use of sudhir 4000.

Answer 2

Answer:

hope this helps you....♥️♥️♥️

please mark as brain list....♥️♥️♥️

please follow me....♥️♥️♥️

tell me how useful it is ?? by marking brain list..... please...friend and also with likes....♥️♥️♥️♥️♥️♥️♥️♥️♥️