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In table plz (Section-IV) Easy type Questions. Each Question carries 5 marks (5x2-10) Q.1 Show the Accounting Equation on the basis of the following transactions

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(Section-IV) Easy type Questions. Each Question carries 5 marks (5x2-10) Q.1 Show the Accounting Equation on the basis of the following transactions and prepare a Balance Sheet on the basis of the last equation. 5 marks) 1. Abdullah started business with cash 2. He purchased furniture 3. He paid rent 4. He purchased goods on credit from Mr. Mohammed 5. He sold goods (cost price SR.20, 000) for cash 60,000 10,000 2,000 30,000 25,000

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