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Following information are provided: I. Started business with cash Rs. 100,000 and bank balance Rs. 150,000. II. Good costing Rs. 20,000 sold on…

BBS Financial Accounting and Analysis · 2083 · Solved Question with Answer

Following information are provided:

  • I. Started business with cash Rs. 100,000 and bank balance Rs. 150,000.

  • II. Good costing Rs. 20,000 sold on credit at a profit of 10%.

Required: Accounting equation (Note: "Account of value added" is crossed out and handwritten as "equation")

Solution

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