Prepare accounting equation from the following. Started business with cash ₹ 40,000, Goods ₹ 50,000 and furniture ₹ 75,000
Prepare accounting equation from the following:
(a) Started business with cash ₹ 40,000, Goods ₹ 50,000 and furniture ₹ 75,000.
(b) Charge Depreciation @ 10% on Furniture.
(c) Goods costing ₹ 10,000 sold for ₹ 11,000 in cash.
[Ans. Cash ₹ 51,000 + Stock ₹ 40,000 + Furniture ₹ 67,500 = Capital ₹ 1,58,500.]
Anurag Pathak Answered question June 5, 2024
