16.Show an Accounting Equation for the following transactions :4Ajay s

1.	16.Show an Accounting Equation for the following transactions :4Ajay started business with cash of 72.00.000. Stock 'goods) 50,000. Furniture* 20.000 and Creditors 20.000.Received commission * 3,000 including 3 500 as advance.(ii) Paid 60% of creditors and availed a discount of $ 1.000.(jv) Sold all furniture @ 20% profit to Rahul and received a B/R for 50% of theamount and for balance received cash.
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16.Show an Accounting Equation for the following transactions :4Ajay started business with cash of 72.00.000. Stock 'goods) 50,000. Furniture* 20.000 and Creditors 20.000.Received commission * 3,000 including 3 500 as advance.(ii) Paid 60% of creditors and availed a discount of $ 1.000.(jv) Sold all furniture @ 20% profit to Rahul and received a B/R for 50% of theamount and for balance received cash.

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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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