Question

1.Vinod has the following transactions. Show accounting equation for the same:
i. Commenced business with Cash Rs.200,000; Stock 30,000 and Machinery 20,000.
ii. Goods purchased from Rohit Rs.50,000.
iii. Rent Received 5,000.
iv. Sold goods costing 9,000 for Cash '12,000.
v. Rent due to landlord RS.2000
vi. Insurance premium paid in advance Rs.200
vii. Salaries due but not paid 300.
viii. paid to Rohit Rs.48500.
ix. Goods withdrawal costing Rs.2000 (sale price 2500) for private use.
X. Received interest.​

Answer 1

cash ac. dr 200000

stock ac. dr. 50000

(include. machinary 20000)

to capital ac. 250000