HSEB || NEB || Model question of Principles of Accounting-I Class 11
Class: 11 || Subject: Principles of Accounting-I Chapter-3 Accounting Equation You are provided the following information: [2] i. Kamal started business with Rs. 20,000. ii. Outstanding salary is Rs. 2,000. iii. Sold goods costing Rs. 3,500 to Kiran at Rs. 3,000. iv. Paid rent Rs. 2,000. Required: Accounting equation Ans: Assets Rs. 17,500; Capital Rs….