Question

help me out with this please.

Prepare an accounting equation.

You can even give the equation only up to no. 3rd as I can do the rest myself....


Kindly help me...

Answer 1

cash a/c dr 50000
to capital a/c 50000
(being capital brought into the business)

banka/c dr 10000
to cash a/c 10000
(being cash paid into bank)

purchases a/c dr 20000
to cash 20000
(being purchases made on cash)

purchases a/c dr 30000
to creditors a/c 30000
( being purchases made on credit)

thank me later :)