Question

1. Dogs
(A) Ble
2. Cul
way a
(A) PL
3. M.
way
(A)
d) Above goods
W
ACCOUNTING EQUATION
Dy from the following transactions, prepare accounting
equation
a) Staveted business with cash Rs 20,000, Stock Rs.30,000
and Furniture of Rs 50,000.
b) Opened a bank account by depositing Rs 10,000
c) Purchase goods of Rs 3,000 in cash.
were sold for Rs 3500
e) Paid electricity espenses R$ 2,000
p Purchased goods of Rs 5,000 ferom Mee Ram on credit.
g) Goods costing Rs 3000 were sold to Mr. Kamal R$ 5,906
on credit.
h) Sent a cheque fizem Ma. Ram for the due amount
after of
10% discount,
;) Paid Rs 2000 as rent through cheque. .
p Received a cheque of Rs 4500 from Mr. Kamal in
full settlement of his account.
Kamal's cheque was deposited in bank
Goods of Rs, 2000 was sold at a loss
of Rs 2000​

Answer 1

ANS - C

Explanation:

PURCHASE ACCOUNT d/b 3000

TO SALES ACCOUNT 3500