Question

show the Accounting Equation for the following transactions:
(i)Gopinath started business with cash. 25,000
(ii) Purchased goods from Shyam. 10,000
(iii) Sold goods to Sohan costing 1,800. 1,500
(iv) Gopinath withdrew from business. 5,000
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Answer 1

Answer:

30000 assets = 30000 lib