Question

2. Show the accounting equations:- 1. Rohit Sharma started business with cash Rs. 50,000 2. Purchased goods from Dhoni on credit Rs. 10,000 3. Sold goods to Virat on credit Rs. 20,000 4. Received dividend Rs. 500 5. Paid for Advertisement Rs. 500 5. ​

Answer 1

Answer:

cash a/C-------Dr 50000

purchase a/c dr 10000

Virat a/c dr 20000

cash a/c dr 500

advertisement exp a/c dr 500

to dhoni a/c 10000

to sales a/c 20000

to dividend a/c500

to cash account 500

to capital account 50000