Question

0.5 Show accounting equation for the following transactions:
Rohit started business with cash 50,000.
2.
Bought goods on credit from Manoj * 6,000.
3. Cash purchases * 5,000.
4. Paid wages 3,000 to Casual labour.
5. Sold goods to Santosh 7,000 on credit.
6. Received Commission 1,000 from Vaishali.​

Answer 1

Answer:

1cash to capital

2

cash to purchases

4wages to cash

5 santosh to sales

6comission to sales