Mr. Abhay is a furniture merchant. From the information given below which is related to financial year 2017-18.Prepare Accounting equations in his Accounting books:(1) He commenced his business with 3,00.000 cashand furniture worth 2,00,000.(ii) He purchased furniture worth * 2,80,000 in cash.(iii) He sold furniture costing * 2,00,000 for 3.10,000in cash.(iv) He sold furniture costing 20,000 for * 65,000 toMr. Ashwin on credit.(v) He paid 1,500 for electricity charges and 4,800for telephone charges.(vi) He took a loan from bank 2,50,000.(vii) He made drawings in cash 46,000.(viii) He paid wages in cash 1,500.

Mr. Abhay is a furniture merchant. From the information given below

1.	Mr. Abhay is a furniture merchant. From the information given below which is related to financial year 2017-18.Prepare Accounting equations in his Accounting books:(1) He commenced his business with 3,00.000 cashand furniture worth 2,00,000.(ii) He purchased furniture worth * 2,80,000 in cash.(iii) He sold furniture costing * 2,00,000 for 3.10,000in cash.(iv) He sold furniture costing 20,000 for * 65,000 toMr. Ashwin on credit.(v) He paid 1,500 for electricity charges and 4,800for telephone charges.(vi) He took a loan from bank 2,50,000.(vii) He made drawings in cash 46,000.(viii) He paid wages in cash 1,500.
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