Question

Transactions of Mohan Traders are given below. Show the effects of
these transactions on assets, liabilities and capital with the help of
Accounting equation
a Business started with cash Rs. 1,00,000
b. Cash purchase Rs. 50,000
c. Cash sale of Rs. 60.000
d. Purchase furniture for cash Rs. 5,000
e Paid rent Rs 4,000
f Bought from Ratan Rs. 8,000​

Answer 1

Answer:

Assets = Capital+ Liabilities

108000= 100000+ 8000