Mathematics, 15.07.2020 01:01 manueelaa

Q.2 Prepare an accounting equation from the following: (i) Kunal started a business with cash ₹ 5,00,000 (ii)He purchased furniture for cash ₹ 35,000 (iii) He paid commission ₹ 2,000 (iv) He purchased goods on credit from Ravi ₹ 40,000 (v) He sold goods (costing ₹ 20,000) for cash ₹ 26,000 (vii)Prepaid rent₹ 6,000 (viii)Paid salaries ₹ 12,000 and Outstanding salaries₹ 12,000 (ix)Ravi’s Account fully settled at ₹ 39,000 (x)Purchase goods for cash from Pat₹ 25,00 0

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Q.2 Prepare an accounting equation from the following: (i) Kunal started a business with cash ₹ 5,00...