Question

Show the accounting equation on the basis of the following transactions:- 8 ₹ i. Ranu started business with cash 26,480 ii. Purchased goods on credit 2,698 iii. Purchased goods for cash 1,257 iv. Purchased furniture 263 v. Paid Rent 516 vi. Withdrawn for private use 99 vii. Received Interest 203 viii. Sold goods on Credit (Cost Rs. 500) for 561 ix. Paid to creditors 2060 x. Paid salaries. 550 ​

Answer 1

Answer:

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