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Prepare Accounting Equation from the following …

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Prepare Accounting Equation from the following transactions: 1. Started Business with cash Rs. 1,00,000. 2. Purchased goods on credit Rs. 20,000. 3. Paid for Rent Rs. 700. 4. Goods costing Rs. 4,000 sold for cash Rs. 5,000. 5. Sold goods on credit costing Rs. 5,000 for Rs. 6,000. 6. Paid to creditors Rs. 15,000. 7. Purchase furniture for Rs. 5,000.

Posted by Atiksh Bhatia 3 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Ravi Agarwal 3 years, 5 months ago

cash account dr to capital account

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