Prepare Accounting Equation from the following …
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Prepare Accounting Equation from the following transactions:
1. Started Business with cash Rs. 5,00,000.
2. Purchase a typewriter for cash for office use Rs. 8,009.
3. Cash withdrew for private use Rs. 5,000 in cash.
4. Purchased goods for cash Rs. 40,000.
5. Sold goods for cash costing Rs. 4,500 at Rs. 5,000.
6. Sold goods on credit costing Rs. 12,000 for Rs. 15,000.
7. Received Commission for Rs. 500.
8. Paid salary Rs. 2,000.
Posted by Atiksh Bhatia 3 years, 6 months ago
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