Question

Accounting equation-
1. Paid rent in advance rs 300
2. Purchase goods for cash rs 5000 and credit rs 2000

Answer 1

(1) rent a/c. Dr -300
to cash a/c. -300
(2)(i)purchase a/c. Dr-5000
to cash a/c. -5000
(ii)purchase a/c. Dr -2000
to creditors a/c. -2000