Question

class 11th chapter 6 accounting equation please help me

Answer 1

1// Cash a/c dr 50,000
To capital a/c 50,000
( being cash used to start business )

2// furniture a/c dr 5,00
To cash @/c 500
( being purchase furniture on cash )..

3/Purchase a/c dr 4,000
To creditors a/c 4,000
( being goods purchase on credit )
.

4//cash a/ c 7,00
To sales a/c 700
( being goods sold on cash )

5// cash a/c 200
To rent a/c 200
( being rent receive on cash )

6//purchase a/c dr 1,000
To cash a/c 1,000
( being goods purchase on cash)

7//Drawings a/c 700
To cash a/c 700
( being cash withdrawal for personal use)

8// creditors a/c dr 400
To cash a/c 400
( being cash paid to creditors )

9//Salaries a/c dr 200
To cash a/c 200
( being salary paid on cash )

Answer 2

Answer:

Answer for above question with accounting equation and Balance sheet