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Answer this question OR Prepare a Accounting Equation from the following information. 3) 4) 5) 6) Ramesh started Business with Cash Rs. 50,000 Purchases goods from Sohan Rs. 20,000 Sold goods to Ram for cash Rs. 30,000 (Costing M,OOO) Paid wages Rs. 500 & wages outstanding Rs- 100 Purchase Motor cycle for Rs. 10,000 for personal Use Paid into BanKRs. 5,000

Dear Student

 
Assets  = 64500+5000 =69500
 
Liabilities = 20000+100 = 20100
 
Capital = 49400

Assets =  Liabilities + Capital
69500 = 20100+49400

Regards

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