1. Show the accounting equation on the basis of the following transact

1.	1. Show the accounting equation on the basis of the following transactions and also show theBalance Sheet:Started business with Cash Rs.60,000 and Goods Rs.30,000.(i) Purchased goods for Cash Rs. 40,000 and on Credit Rs. 25,000(ii) Goods costing Rs 48,000 sold at a profit of 331,%. Three-fourth payment received inCash (iv) Goods costing Rs.20,000 sold at a loss of 5%, out of which Rs. 12,000 received inCash. (v) Paid Rent Rs.4,000 and Salary Rs.6,000.(vi) Received Cash from Debtors Rs. 15,000.(vii) Paid telephone bill amounting to Rs.800My
Answer» ANSWER: HOPE it HELPS Explanation: *Hope* it *helps* U.

1. Show the accounting equation on the basis of the following transactions and also show theBalance Sheet:Started business with Cash Rs.60,000 and Goods Rs.30,000.(i) Purchased goods for Cash Rs. 40,000 and on Credit Rs. 25,000(ii) Goods costing Rs 48,000 sold at a profit of 331,%. Three-fourth payment received inCash (iv) Goods costing Rs.20,000 sold at a loss of 5%, out of which Rs. 12,000 received inCash. (v) Paid Rent Rs.4,000 and Salary Rs.6,000.(vi) Received Cash from Debtors Rs. 15,000.(vii) Paid telephone bill amounting to Rs.800My

Answer»

ANSWER:

HOPE it HELPS

Explanation:

Hope it helps U.

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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