Question

Frame accounting equation from following information

1.started business with cash 2,50,000

2.purchased goods rupees 20,000 from aman

3.purchased machinery for rupees 20,000 in cash

4.purchased furniture for rupees 12,000 from sameer

5. Introduced more capital rupees 45,000

Answer 1

1. cash Ac dr. 2.50.000
to capital. 2.50.000
2 purchase Ac. dr. 20.000
to aman. 20.000
3. machine Ac dr. 20.000
to cash. 20.000
4. furniture Ac. dr. 12.000
to sameer. 12.000
5. capital. Ac. dr. 45.000
to cash. 45000