Question

8. Develop an Accounting Equation from the following transactions:
(i) Mohan commenced business with cash
(ii) Purchased goods for cash
(iii) Purchased goods on credit
(iv) Sold goods (costing * 10,000) for
(0) Bought furniture on credit
(vi) Paid cash to a creditor
(vii) Salary paid​

Answer 1

Answer:

here is your answer buddy

Explanation:

1). cash a/c....dr

to capital a/c

2). purchase a/c...dr

to cash a/c...

3). purchase a/c ...dr

to creditor a/c

4). cash a/c ...dr. 10000

to sales a/c 10000

5). furniture a/c...dr

to creditor a/c

6). creditor a/c...dr

to cash a/c

7). salary a/c...dr

to cash a/c

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