Question

1. Arjun start a business with cash
80000.
2.Purchase goods costing 20000 at a profit of 25%.
3.purchase goods on credit 10000.
4.withdrew cash for private use.
Show the accounting equation on the basis of the following transaction:

Answer 1

I assume that u asked to prepare journal entries

1) cash A/c            dr                100000

         To capital A/c                                   100000

(being started business with cash )

2)Purchases A/c       dr                          50000

           To cash A/c                                                 20000

           To Creditor A/c                                            30000

(Being goods purchased on cash and credit )

3) working note 

      cash =10000+10000*0.20

              =12000

       credit =15000+15000*0.20

                 =18000

 

           Cash A/c        Dr             12000

           Debtor A/c       Dr             18000

                     To sales A/c                            30000

           ( being goods sold on cash and credit )

HOPE THIS WILL HELP U..........

PLS MARK ME BRAINLIEST.............

PLS.........PLS..........

Answer 2

Asset =liabilities +capital

cash purchases=creditor

1. 80000 = 80000

2. (15000) 20000 = 5000

3. 10000 =10000

4.(5000) = (5000)

total

60000+30000 =10000+80000

90000 =90000

Explanation:

in last amount is not given .I assumed amount.