T S Grewal 11th – Accounting Equation 5
5. Develop an Accounting Equation from the following transactions: ₹ (i) Mohan commenced business with cash 50,000 (ii) Purchased goods for cash 30,000 (iii) Purchased goods on credit 20,000 (iv) Sold goods (costing ₹ 10,000) for 12,000 (v) Bought furniture on credit 2,000 (vi) Paid cash to a creditor 15,000 (vii) Salary paid 1,000 … Read more