Question

Show the accounting equation on the basis of of following transactions:

1) Udit started business with 5 lakh cash and 1 lakh goods .

2) purchase building for cash 2 lakhs .

3) Purchased goods from himani 50 thousand .

4) Sold goods to Ashu (cost Rs. 25 thousand) 36 thousand .

5) paid insurance premium 3 thousand .

6) rent outstanding 5 thousand .

7) Depreciation on building 8 thousand .

8) cash withdrawn for personal use 20 thousand .

9) Rent received in advance 5 thousand .

10) Cash paid to himani on account 20 thousand .

11) Cash received from Ashu 30 thousand​

Answer 1

Answer:

down side

Explanation:

8 ,6,7,4,5,3,2,1,9,10,10