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Prepare accouting equation on the basis …

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Prepare accouting equation on the basis of th following :- (a)Harsha started business with cash Rs 2,00,000 (b)Purchased goods from Naman for cash Rs 40,000 (c)Sold goods to Bhanu costing Rs 10,000 Rs 12,000 (d)Bought furniture on credit Rs 7,000

Posted by Jagjot Singh 7 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Amanpreet Sahota 7 years, 11 months ago

assets = liablities+capital cash+stock+furniture+debtors 200000 200000 -40000+40000 160000+40000 = 200000 -10000 12000 +2000 160000+30000 +12000 = 202000 7000 7000 160000+30000+7000+12000=7000+202000 209000=209000

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