The following information are given: Started business with cash of Rs. 80,000 and goods of Rs. 40,000. Received rent Rs. 21,000 including advance…
BBS Financial Accounting and Analysis · 2078 · Solved Question with Answer
The following information are given:
Started business with cash of Rs. 80,000 and goods of Rs. 40,000.
Received rent Rs. 21,000 including advance rent of Rs. 3,000.
Commission received Rs. 10,000 and accrued commission is Rs. 2,000.
Required: Accounting equation.