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-1 PREPARATION OF ACCOUNTING EQUATION FROM …

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-1 PREPARATION OF ACCOUNTING EQUATION FROM INFORMATIONS OF COVID Ltd : 1) Start business with Bank Balance Rs 10,00,000; Fixtures Rs 6,00,000; Motor Rs 1,40,000 & Stock Rs 5,00,000. 2) Sold ¼ of above goods at 40% above cost on Credit. 3) Purchase goods costing Rs 9,00,000, half of the money is paid by cash. 4) Paid Rent Rs 60,000. 5) Paid Salary Rs 50,000.

Posted by Sarpanch Madder 2 years ago

CBSE > Class 11 > Accountancy

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