Question

Show the Accounting Equations on the basis of the following transactions:1) Mr.Kumar commenced business with Cash Rs.50,000 2) Bought goods of Rs.25,000 from Mr. Sagar. 3) Received Rs.11,000 from Mr. Sindhu. 4) Paid Rent Rs.500. 5) Sold old Motor Car for Rs.55,000

Answer 1

Answer:

20,00000 sold old motar car for rs55,00000