Chapter -3 (Question - 3)

 

Acounting Equation 

Develop Accounting Equestion from the following transection.

1. Mohan commenced bussiness with cash               50,000
2. purchased goods for cash                                       30,000
3. sold goods (costing Rs. 10,000) for cash               12,000
4. purchased furniture on credit                                   2,000
5. purhcase goods on credit                                        20,000
6. paid cash to creditor                                                15,000
7. salary paid                                                                 1,000

Solution :-