Question

Show accounting equation from the following transaction and prepare balance sheet on the basis of last equation
1) commenced business with cash 80000
2)bought goods from Ram on credit 20000
3) paid cash to Ram 15000 4)paid rent 1600 salary 4400
5) sold goods costing 10000 for 13000to mohan
6) received cash from Mohan 10000
7) withdraw cash 4000 and goods 5000 for personal use
8)goods returned to Ram 2000 ​

Answer 1

Answer:

1) cash a/c. dr

to capital a/c

2) goods a/c. Dr

to ram a/c

Answer 2

Answer:

₹4000

Explanation:

because it is a very good