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Show the Accounting Equation on the basis of the following and present a balance sheet on the last new equation balances: (5 marks)
1.
Manu started business with cash
50,000
2.
Bought furniture for
500
3.
Purchased goods on credit
4000
4.
Sold goods on cash cost 500 for
700
5.
6.
Received rent
Purchased goods for cash
200
1000
7.
8.
9.
Withdrew for personal use
Paid to creditors
Paid for salaries
400
By: santosh ProfileResourcesReport error
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