Question

Show the Accounting Equation on the basis of the following transactions
ii.
iii.
iv.
V.
vi.
Salary
Shivam Started business
Cash
Goods
He purchased machinery for cash
He purchased goods from Ramesh
He sold goods to Suresh (Cost 25,000)
Paid insurance premium
Salary outstanding
Depreciation of Machinery
Interest on Capital
Amount withdrawn for personal use
Interest on drawings
Rent received in advance
Cash paid to Ramesh
Cash received from Suresh
5,00,000
2,00,000
2,50,000
1,00,000
30,000
5.000
10,000
25,000
3,000
18,000
900
1,500
50.000
15,000
vii.
vili.
IX.
xi.
xii.
xiii.

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Answer 1

Answer:

17,000

1500

that's all