Question

2. Prepare Accounung Equation from the following:
Staned business with cash 150,000 and goods 50,000
aPaid for rent 4.000
cBought goods for cash 60,000 and on credit for $8.000.
(v) Goods costing 1.00.000 sold at a profit of 25, out of which 55.000 received in cash.
cv Parchased
a motor-cycle for 40,000 for personal use​

Answer 1

Explanation:

cash a/c. dr. 1,50,000

to capital a/c. 1,50,000

rent a/c. dr. 4,000

to cash a/c. 4,000

purchases a/c. dr. 60,000

to cash a/c. 60,000