Question

*9. 8. Give the accounting equation for the following transactions :
(1) Mr. Vaibhav started business with cash 1,00,000.
(2) Purchased goods on credit from Rita Stores * 9.000.
(3) Purchased Laptop for office use 10,000
(4) Sold goods to Rina on credit 12.000.
(5) Received interest 2.500.
(6) Paid telephone bill 1.300.​

Answer 1

1) cash and capital

2) Purchases and Rita

3) Laptop and cash

4) Rina and sales

5) Cash and interest

6) Telophone bill and cash