Question

Show Accounting equation for each of following transactions:
Vijay started business with cash ₹ 20,000
He purchased goods on credit of ₹ 8000
He sold goods for cash ₹ 3000
Purchased furniture for cash ₹ 2000
Purchased goods from Mukesh for cash ₹ 300

Answer 1

Answer:

10,000

Explanation:

20,000-

8,000 2,000 +2,000 - 3,000