Prepare Accounting Equation from the following: (i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000
Prepare Accounting Equation from the following:
(i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000.
(ii) Sold goods worth ₹ 10,000 for cash ₹ 12,000.
(iii) Purchased furniture on credit for ₹ 30,000.
[Assets: Cash ₹ 1,12,000 + Stock ₹ 10,000 + Furniture ₹ 30,000 = Liabilities: Creditors for Furniture ₹ 30,000 + Capital: ₹ 1,22,000.]
Anurag Pathak Changed status to publish September 16, 2023
