Prepare the accounting equation with the help of following transactions: 1. Started...
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Accounting
Prepare the accounting equation with the help of following transactions:
1. Started Business with cash -300,000 AED
2. Purchased goods for credit- 50,000 AED
3. Bought vehicle for cash -40,000 AED
4. Sold goods for credit -45,000 AED
5. Cash paid to creditors-50,000 AED
6. Received Interest- 25,000 AED
7. Withdrew money for personal use-8000 AED
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