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Prepare the accounting equation is satisfied …

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Prepare the accounting equation is satisfied in all the following transactions of Rajaram. Also prepare a balance sheet:- 1. Started business with cash Rs 1,20,000. 2. Purchased a typewriter for cash for Rs 8,000 for office use. 3. Purchased goods for Rs 50,000 for cash. 4. Purchased goods for Rs 40,000 on credit. 5. Goods costing Rs 60,000 sold for Rs 80,000 on credit. 6. Paid for rent Rs 1,500 and for salaries Rs 2,000. 7. Received Rs 800 for commission. 8. Withdrew for private use Rs 5,000 in cash.

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CBSE > Class 11 > Business Studies

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