Q2. Give the accounting equations for the following. 1. Mr X started business with cash Rs 50,000. 2. Deposited Cash Rs 10,000 into bank 3. Additional capital brought by Mr of X Rs 10,000 4 Goods purchased for cash of Rs. 10,000. 5 Goods sold for cash of Rs 7,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Q2. Give the accounting equations for the following.
1. Mr X started business with cash Rs. 50,000.
2. Deposited Cash Rs 10,000 into bank
3. Additional capital brought by Mr of X Rs 10,000
4 Goods purchased for cash of Rs 10,000.
5 Goods sold for cash of Rs 7,000
Transcribed Image Text:Q2. Give the accounting equations for the following. 1. Mr X started business with cash Rs. 50,000. 2. Deposited Cash Rs 10,000 into bank 3. Additional capital brought by Mr of X Rs 10,000 4 Goods purchased for cash of Rs 10,000. 5 Goods sold for cash of Rs 7,000
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