SECTION-A

Q. Prepare the accounting equation with the help of following transactions: (10 marks)

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

Answers should be in Word or Excel version