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Prepare ‘Accounting Equation” from the following: …

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Prepare ‘Accounting Equation” from the following: (1)Started business with cash Rs.1, 00,000. (1)Purchased goods for cash Rs.20, 000 and on credit Rs.30,000. (3)Sold goods for cash costing Rs.10,000 and on credit costing Rs.15,000 both at a profit of 20%.

Posted by Sneha Yadav 4 years ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 4 years ago

Prepare an Accounting Equation from the following:
i. Started business with cash Rs.1,00,000.
ii. Purchased goods for cash Rs.20,000 and on credit Rs.30,000.
iii. Sold goods for cash costing Rs.10,000 and on credit costing Rs.15,000 both at a profit of 20%.
Solution:

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