Saved Bookmarks
| 1. |
Prepare Accounting Equation of following: 21. Sohan started business with Cash Rs. 1,00,000. 2. Sohan Purchased goods on Credit Rs. 5,000. |
|
Answer» ASSETS = liabilities + capital
cash + stock = CREDITORS + capital 1) 100000 + 0 = 0 + 100000 2) 0 + 5000 = 5000 + 0 ---------------‐---------------------------------------------------- 100000 + 5000 = 5000+ 100000 |
|