Question

Show the accounting equation for the following transactions: Sumit commenced business with
cash 40,000, Bank balance '80,000 and goods 60,000. Sold 40% of goods at a profit of 30% to
Sohan. Landlord requested for advance rent of 1200 and it was paid to him. Purchase goods
*30,000 for cash and '60,000 for credit. Took a Bank Loan for 2,00,000 and Purchase a car for
*2,50,000,balance amount paid by cheque. Commission received by cheque '8,000 out of
which 2,000 is for next year.​

Answer 1

Answer:

I don't no the answer of this question, sorry.................................................................