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Using Accounting Equation (Balance Sheet equation), analyze the following transactions and prepare a Balance Sheet a) Mr. ABC commenced a business by bringing in cash
Using Accounting Equation (Balance Sheet equation), analyze the following transactions and prepare a Balance Sheet a) Mr. ABC commenced a business by bringing in cash of Rs. 1,00,000/- on 1st August 2019 b) He purchased of software for Rs. 12,000 on credit from Microsoft corporation on 3rd August 2019 c) Supply of software services to Google for Rs. 25,000/- on cash on 5th August 2019 d) Purchase of computers for Rs. 55,000 on cash from Lenovo computers on 10th August 2019 e) Paid salaries to Mr. Harry Rs. 10,000/- by cash who promised to pay on 15th August 2019 f) Entered into a purchase agreement for purchase of office stationeries worth Rs. 20,000/- with IMB Services on 13th August 2019
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