Question

Show the accounting equation on the basis of following transaction: 1.Waheed commensed business with cash 90000._2.purchased goods for cash 14500_3.Sold goods costing 10800 for 16200_4.purchased furniture for 36000_5.took loan 18000 from bank_6.paid salary 7200 and insurance 3600_7.recieved rent 4500 and interest 2700_8.Paid 1440 as premium of life insurance policy_9. Purchased the bicycle for owner's son for 2160_10. Depreciate furniture by Rs 540​

Answer 1

see the attach file

Krishna has 13,000 in 95 notes in denominations 200, 100 and 50. If the 200 notes and 100 are in the ratio 13:16, find the number of each type of notes that she has.

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Answer 2

1.Waheed commensed business with cash 90000