Question

Use Accounting Equation to show the effect of the following transactions of Ravi
Traders.
a. Started business with cash 1,00.000
b. Bought goods for cash Rs.20.000
c. Rent received Rs. 5.000
d. Salary outstanding Rs. 10.000
e. Goods destroyed by fire Rs. 15.000
f. Paid for charity Rs 200​

Answer 1

1,50,200 is the answer