Question

coun
Bepase accounting equation from
equation from the following
(1) Started business with cash 400,000 and good
20,000
i Gold goods worth £ 10,000 for cash & 12,000.
Puchosed furniture on Credit for & 30,000
1)​

Answer 1

Answer:

1. cash a/c dr. 4,00,000

goods a/c dr. 20,000

to capital a/c 4,20,000

2. cash a/c dr 12,000

to sales a/c 12,000

3. Furniture a/c 30,000

to vendor of furniture a/c 30 000