Question

Complete accounting equations
1- ragunath commenced business with cash rs- 80000
2- purchased goods on credit rs- 20000
3- withdraw cash for private use rs-2000
4- sold goods on credit ( cost price rs-15000) rs- 20000
5- purchased furniture rs-1500
use pictures to answer this question​

Answer 1

Answer:

Explanation:

1. cash A/c     Dr    80,000

       To ragunath capital A/c    80,000

2. Purchases A/c     Dr   20,000

            To Creditor A/c               20,000

3. Drawings A/c    Dr    2000

             To cash A/c               2000

4. Debtor A/c     Dr     15000

             To sales A/c            15000

5. Furniture A/c     Dr    1500

          To cash A/c                 1500