Show the accounting equation on the basis of the following transactions and present a Balance Sheet of the last new equation balance
									
Show the accounting equation on the basis of the following transactions and present a Balance Sheet of the last new equation balance:
 
 
[Ans. Assets: Cash ₹ 51,500 + Stock ₹ 6,000 + Debtors ₹ 15,000 + Furniture ₹ 500 = Liabilities : Creditors ₹ 4,000 + Capital ₹ 69,000; Balance Sheet Total ₹ 73,000.]
								
								| 1 | Mohan commenced business with cash | 70,000 | 
| 2 | Purchased goods on credit | 14,000 | 
| 3 | withdrew for private use | 1,700 | 
| 4 | Purchased goods for cash | 10,000 | 
| 5 | Paid wages | 300 | 
| 6 | Paid to Creditors | 10,000 | 
| 7 | Sold goods on Credit at par | 15,000 | 
| 8 | Sold goods for Cash (Cost price was ₹ 3,000) | 4,000 | 
| 9 | Purchased furniture for cash | 500 | 

Anurag Pathak Answered question June 5, 2024
							
