Question 13.
Show the Accounting Equation on the basis of the following transactions and present a Balance Sheet on the last new equation balance:
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it's not possible to get answer bcz long question
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Explanation:
Assets = cash in hand + value stock+furniture +debtors
= 51500+ 6000+ 500 +15000
=73000
Liabilities = Creditors
= 4000
Capital = Assets - liabilities
= 73000 - 4000
= 69000
BALANCE SHEET
capital 69000 cash 51500
Creditors 4000 Stock 6000
Furniture 500
Debtors 15000
Total 73000 Total 73000
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