Question

Rs. 50,000
Mohit has the following transactions, prepare accounting equation:
(a) Business started with cash
Rs. 1,75,000
(b) Purchased goods from Rohit
(c) Sales goods on credit to Manish (Costing Rs. 17,500.) Rs. 20.000
(d) Purchased furniture for office use
Rs. 10,000
(e) Cash paid te Rohit in full settlement
Rs. 48,500..
(0 Cash received from Manish
Rs. 20.000
(g) Rent paid
Rs. 1,000
(h) Cash withdrew for personal use
Rs. 3,000
(Ans: Cash Rs. 1,33,000 + Goods Rs. 32,500 + Furniture-Rs. 10,000
= Rs. 1.75,500; Liabilition = Capital Rs. 1,77,500)​

Answer 1

Answer:

cash 175000 capital 175000

cash 20,000 capital 20,00