Show the accounting equation on the basis of the following: 1- amit started business with cash 5,00,000 2-purchased goods on credit 50,0003-paid to creditors 30,0004- paid salaries 5,000

Show the accounting equation on the basis of the following: 1- amit st

1.	Show the accounting equation on the basis of the following: 1- amit started business with cash 5,00,000 2-purchased goods on credit 50,0003-paid to creditors 30,0004- paid salaries 5,000
Answer» U PAID 85000 THOUSAND remaining 4 lakh thousand

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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 ?

Show the accounting equation on the basis of the following: 1- amit started business with cash 5,00,000 2-purchased goods on credit 50,0003-paid to creditors 30,0004- paid salaries 5,000​

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Show the accounting equation on the basis of the following: 1- amit started business with cash 5,00,000 2-purchased goods on credit 50,0003-paid to creditors 30,0004- paid salaries 5,000