prepare the accounting equation on the basis of the following transaction: started business with cash 80,000. Rent received 1,000. prepaid Insurance 1,200. salary paid 1,500.

prepare the accounting equation on the basis of the following transact

1.	prepare the accounting equation on the basis of the following transaction: started business with cash 80,000. Rent received 1,000. prepaid Insurance 1,200. salary paid 1,500.
Answer» 1) CAPITAL a/c .....Dr Rs 80000 To Cash A/C Rs 80000(Being capital introduced)2) Cash A/c........Dr Rs 1000 To Rent a/c Rs 1000(Being Rent Recived)3) Insurance A/c .....Dr Rs 1200 To Cash a/c Rs 1200(Being prepaid Insurance paid)4) Salary A/c ...Dr Rs 1500 To Cash A/c Rs 1500( Being Salary paid)

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

prepare the accounting equation on the basis of the following transaction: started business with cash 80,000. Rent received 1,000. prepaid Insurance 1,200. salary paid 1,500.​

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prepare the accounting equation on the basis of the following transaction: started business with cash 80,000. Rent received 1,000. prepaid Insurance 1,200. salary paid 1,500.