Prepare Accounting Equation from the following:(i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000.(ii) Sold goods worth ₹ 10,000 for cash ₹ 12,000.(iii) Purchased furniture on credit for ₹ 30,000.

Prepare Accounting Equation from the following:(i) Started business wi

1.	Prepare Accounting Equation from the following:(i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000.(ii) Sold goods worth ₹ 10,000 for cash ₹ 12,000.(iii) Purchased furniture on credit for ₹ 30,000.
Answer» Prepare Accounting Equation from the following: (i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000. (ii) Sold goods worth ₹ 10,000 for cash ₹ 12,000. (iii) Purchased furniture on credit for ₹ 30,000.