Vinod has the following transactions. Show accounting equation for the

1.	Vinod has the following transactions. Show accounting equation for the same: (i) Commenced business with cash Rs. 3,00,000. (ii) Purchased goods for cash Rs. 80,000. (iii) Purchased machinery on credit Rs. 1,25,000. (iv) Purchased old car for personal use for Rs. 1,00,000.
Answer» Vinod has the following transactions. Show accounting equation for the same: (i) Commenced business with cash Rs. 3,00,000. (ii) Purchased goods for cash Rs. 80,000. (iii) Purchased machinery on credit Rs. 1,25,000. (iv) Purchased old car for personal use for Rs. 1,00,000.

Vinod has the following transactions. Show accounting equation for the same: (i) Commenced business with cash Rs. 3,00,000. (ii) Purchased goods for cash Rs. 80,000. (iii) Purchased machinery on credit Rs. 1,25,000. (iv) Purchased old car for personal use for Rs. 1,00,000.

Answer»

Vinod has the following transactions. Show accounting equation for the same:

(i) Commenced business with cash Rs. 3,00,000.

(ii) Purchased goods for cash Rs. 80,000.

(iii) Purchased machinery on credit Rs. 1,25,000.

(iv) Purchased old car for personal use for Rs. 1,00,000.