Question

Accounting equation , 1st started business with cash rs 120000 rs , 2nd purchase a type writer for cash rs 8000 for office use , 3rd brought goods from sohan on credit rs 40000 , 4th withdrew cash rs 5000 for personal use . answers

Answer 1

Answer:

here is your answer.

Explanation:

1. started started business with cash of rupees 120000. - increase in asset (cash) and increase in liability- A= C+L holds appropriate.
2. purchase a typewriter of rupees 8000. - increase in one asset (Typewriter) and decrease in another asset (cash) - A= C+L holds appropriate.
3. bought goods from Sohan on credit rupees 40,000 - increase in liability and increase in asset (stock) - A= C+L holds appropriate.
4. withdraw cash rupees 5000 for personal use - decrease in liability and decrease in asset (stock) - A= C+L holds appropriate.

Thank you.