Question

4) Give the accounting equation
1) Rupali commenced business with bank balance Rs. 25000
2) Purchased machinery for cash Rs. 5000
3) Bought goods from swara worth Rs 3000 on credit
4) Paid for salaries of Rs 3001
5) Received interest Rs 200


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Answer 1

Answer:

its very is tag it on golden rule of accountancy

Explanation:

capital ACCOUNT dr to

to cash ACCOUNT

machinery ACCOUNT dr

to cash ac

Answer 2

Accounting equations for the following:

Explanation:

1.      Bank A/c                         …Dr.    25,000

                 To Capital A/c                                25,000

2. Machinery A/c                    …Dr.    5,000  

                 To Cash A/c                                  5,000

3. Purchase A/c                      …Dr.     3,000

                 To Swara A/c                                3,000

4. Salary A/c                            …Dr.     3001

                  To Cash A/c                                 3001

5. Bank A/c                              …Dr.     200

           To Interest Received A/c              200