Chapter 5 – Accounting Equations – TS Grewal 2022
Accounting Equations Q.14
Prepare Accounting Equation from the following:
(a) Started business with cash ₹1,00,000.
(b) Purchased goods for cash ₹20,000 and on credit ₹30,000.
(c) Sold goods for cash costing ₹10,000 and on credit costing ₹15,000 both at a profit of 20%.
(d) Paid salaries ₹8,000.
Solution:
