Question

show the impact of the following transactions on the accounting equation.
1. rahim started business with cash Rs 100000
2. purchased machinery for Rs 1000
3. purchased goods for cash Rs 2000
4. credit purchase of goods Rs 8000
5. cash paid to creditors Rs 800
6. paid salary to employees Rs 400
7. goods costing Rs 1000 sold on credit for Rs 1400
8. withdrew for private use Rs 400
9. rent paid Rs 400
10. received interest Rs 200

Answer 1

Answer:

114200

Explanation:

100000

1000

2000

8000

800

400