Question

1.rahim started business with cash rs.20,000
2.rahim purchase furniture for cash rs.2,000
3.paid rent rs,200
4.purchase goods on credit rs,3,000.
5.sold goods(cost price rs.2,000)for rs.5000 on cash
Prepair accounting equation

Answer 1

1 cash a/c + 20000
capital a/c + 20000

2furniture a/c + 2000
cash a/c -2000

3 cash a/c -200
capital a/c -200

4 stock a/c + 3000
liability a/c + 3000

5 cash a/c +5000
stock a/c -2000
capital a/c+3000

Answer 2

Answer:

Explanation:

15.3.2003 started business with cash RS 10,000.16.3.2003 deposit RS 3000 into bank ,18.3.2003 purchase furniture of Rs 1200 from mahindra &company on credit,20.3.2003 return 1 chair of Rs 200 to Mahindra & company,22.3.203 paid office rent Rs 5000 by cheque,25.3.2003 received commission Rs 400 and paid commission Rs 100 at the same day,25.3.2003paid salary in cash Rs 900,31.3.2003 received rent from suhas Rs 100, and same day paid Rs 300 in cash Rs 100 by cheque to Mahindra & company,31.3.2003 withdrawn cash from bank for office use Rs1000 & personal use Rs 200 this sum ledger entry