Prepare an Accounting Equation on the basis of the following transactions 3 marks i Start...........

Accountancy (11th) Chapter-1 Introduction to Accounting

Prepare an Accounting Equation on the basis of the following transactions: (3 marks)

(i) Started business with cash rs 70,000.

(ii) Credit purchase of goods rs 18,000.

(iii) Payment made to creditors in full settlement rs 17,500.

(iv) Purchase of machinery for cash rs 20,000.

(v) Depreciation on machinery rs 2,000.

Download Model Answer

Submit Error