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Frnds..Tody is my test..write accounting equation fo this ques..answer plz... |
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Answer» S. No.TransactionsAssets=Liabilities+CapitalCash(RS)+Bank(Rs)+Stock(Rs)=CREDITORS(Rs)(Rs)(i)STARTED business with cash45,000=45,00045,000=45,000(ii)Opened a Bank Account with a deposit– 4,500+4,500=40,500+4,500=45,000(iii)Bought goods from M/s. Sun & Co.11,200=11,20040,500+4,500+11,200=11,200+45,000 |
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