Question

sonia started business with cash Rs 25000 , cash deposited in the bank Rs. 15000 , purchased goods worth 4000 and paid my cheque. Purchased equipment of Rs 2500. Sold good of cash Rs. 1200 (cost rs 1000) . Sonia withdrew Rs 3000 for personal use in cash. Paid salaries Rs 2500 and office rent Rs 1200. Paid telephone bill rs 2000 by cheque. Purchased good worth Rs 3000 on credit​

Answer 1

Answer:

ACCOUNTING EQUATION

S. No. Transaction Assets

(i) Started business with cash +2,00,000

2,00,000

(ii) Purchased Goods for Cash Rs 60,000 and on credit Rs 1,50,000