Prepare an accounting equation on the basis of the following :
(a) Started business with cash 1,40,000 and stalk 2,50,000.
(b) Sold goods (costing 50,000) at a profit of 25% on each.
(c) Deposited into bank account of 1,80,000.
(d) Purchase goods from Mohan 80,000
Assets:
cash ₹22,500+stock₹ 28,0000+Bank ₹1,80,000=creditors ₹80,000+capital₹4,02,500
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Sorry siso, it was my fault that I asked u such a question
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