Show the Accounting Equation on the basis of the following and present a balance sheet on the last n...........

Accountancy (11th) Chapter-3 Recording of treatment-1

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	700 400 200