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Sankar Associates Limited, dealing in FMCG products, is located in Bellary. It provides you with the following transactions for the month of May 2 0
Sankar Associates Limited, dealing in FMCG products, is located in Bellary. It provides you with the following transactions for the month of May :
tableitableBusiness received Rs as Capital and deposited it into the business bankaccountiiStock is purchased on credit from ABC & Co for RsiiiA business computer is purchased for Rs financed by a loan from a friend.ivStock sold to RM Traders for RsvStock costing Rs is sold for Rs cash.viCash deposited into bank RsviiABC & Co are paid RsviiiStock is purchased for Rs cash.
Required: Prepare Accounting Equations for the Company.
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