Question

Give the accounting equation after each transction
1.rajesh commenced business with cash rs.40000
2.bought goods for cash 7000
3.bought goods on credit 5000
4.purchase furniture 9000
5.cash paid to creditors 3000
6.received interest 600
7.paid rent 800

Answer 1

Answer:

1 cash a/c dr

to capital a/c

Explanation:

being business started with cash