Question

$\huge\red{\underline{{\boxed{\textbf{question}}}}}$ $implies$ Prepare Accounting Equation from the following:
(a) Started business with Cash ₹ 2,00,000.
(b) Purchased goods for Cash ₹ 60,000 and  on Credit ₹ 1,50,000.
(c) Sold goods for Cash costing ₹ 40,000 at a profit of 20% and on Credit costing ₹ 72,000 at a profit of 25%.
(d) Paid for Rent ₹ 5,000.​

Answer 1

Answer:

] $implies$ Prepare Accounting Equation from the following:

(a) Started business with Cash ₹ 2,00,000.

(b) Purchased goods for Cash ₹ 60,000 and  on Credit ₹ 1,50,000.

(c) Sold goods for Cash costing ₹ 40,000 at a profit of 20% and on Credit costing ₹ 72,000 at a profit of 25%.

(d) Paid for Rent ₹ 5,000.

Explanation:

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