Question

2. Show the accounting equat ſon of the following transactions
a. commenced business by issuing 1000 shares of Rs 10
each R 10.000
b. purchase furniture on credit Rs 5,000
paid salary, Rs 1000
do paid wages by cheque Rs 500​

Answer 1

Answer:

cash a/c----------dr 10,000

to capital a/c. 10,000

furniture a/c----------dr 5,000

to creditors a/c. 5,000

salary a/c----------dr. 1,000

to cash a/c. 1000

wages a/c----------dr. 500

to cash. 500