Question

* A furniture of 2000 was sold fox 360 in exchange of
new fumiture costing F1680 the net in voice of 3920
was passed through purchase book?​

Answer 1

Answer:

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Step-by-step explanation:

Show the accounting equation on the basis of following transactions : <br> (i) Commenced business with Cash Rs.20,000, Goods Rs. 50,000 and Furniture Rs. 30,000. <br> (ii) Purchased goods from Gopal on Credit Rs.40,000. <br> (iii)Sold goods for Cash Rs.40,000 (Costing Rs. 30,000). <br> (iv) Sold goods to Ram on Credit Rs. 65,000 (Costing Rs. 50,000). <br> (v) Withdrew for personal use goods costing Rs. 5,000. <br> (vi) Purchased typewriter for personal use of the proprietor Rs. 20,000. <br> (vii) Purchased chairs for office use for Cash Rs. 10,000. <br> (viii) Paid for printing Rs. 500 and received Commission Rs.1,200. <br> (ix) Introduced fresh Captial Rs. 40,000. <br> (x) Paid to Gopal Rs. 30,000.