Prepare accounting equations for following transactions …
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Prepare accounting equations for following transactions
1. Harsha invested in the business rupees 5 lakh
2. Deposited into the bank rupees 1 lakh
3. Purchased goods for cash rupees 5000
4. Sold goods costing rupees 2000 for cash rupees 2500
5. Purchased furniture in account rupees 10000
6.sold goods on credit costing rupees 800 for 1000
7. Paid to creditors rupees 10000 recived from debtors rupees 1000
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