Question

SECTION:
nswer any 4 each carries 6 Marks.
19. Prepare accounting equation on the basis
(a) Kunal started business with cash Rs 2,50,000
(b) He purchased furniture for cash Rs 35,000
(c) He paid commission of Rs 2000
(d) He sold goods (costing Rs 20,000) for Rs 22,
(e) He purchased goods on credit Rs 40,000
(f) He gave loan to Anil Rs 5000.
20. What are the 5 types of accounts under M
rules of debit and credit for each type of accounts​

Answer 1

Answer:

Did you mean: answer any 4 each carries 6 Marks. 19. Prepare accounting equation on the basis (a) Kunal started business with cash Rs 2,50,000 (b) He purchased furniture for cash Rs 35,000 (c) He paid commission of Rs 2000 (d) He sold goods (costing Rs 20,000) for Rs 22, (e) He purchased goods on credit Rs 40,000 (f) He gave loan to Anil Rs 5000. 20. What are the 5 types of accounts under M rules of debit and credit for each type of

Explanation:

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