Prepare Accounting Equation from the following Sandeep started business with Cash 1,00,000
Prepare Accounting Equation from the following. Sandeep started business with Cash 1,00,000
[Ans. Assets: Cash ₹ 1,22,300 + Furniture ₹ 5,000 + Stock ₹ 16,000 = Liabilities: Creditors ₹ 36,000 + Capital ₹ 1,07,300.]
| 1 | Sandeep started business with Cash | 1,00,000 |
| 2 | Purchased furniture for cash | 5,000 |
| 3 | Purchased goods for cash | 20,000 |
| 4 | Purchased goods on credit | 36,000 |
| 5 | Paid for rent | 700 |
| 6 | Goods costing ₹ 40,000 sold at a profit of 20% for cash | 700 |
Anurag Pathak Answered question June 5, 2024
