Question

Sanjay has the following transactions, prepare Accounting Equation.

Rs.

i) Business started with cash 3,50,000

ii) Bought goods from Ashok 50,000

iii) Goods sales on credit to Rajesh (costing Rs 30,000). 40,000

iv) Purchased furniture for Cash. 10,000

v) Cash paid to Ashok in full settlement 48,000

vi) Paid Rent 3,000​

Answer 1

Answer:

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