Question

(i) Started business with cash Rs. 20,000.
(ii) Sold goods to Sachin for Rs. 20,000 and made partial payment of Rs 12,000.
(iii) Purchased goods from Gokul Rs.15,000.
(iv) Withdrew goods from business for personal use Rs. 1000
equired: Accounting Equation​

Answer 1

Answer:

Explanation:

1. Cash a/c. Dr. 20000

To capital a/c. 20000

2.Sachin a/c Dr. 8,000

Cash a/c. Dr. 12,000

To sales a/c. 20,000

3. Purchases a/c. Dr. 15,000

To Gokul a/c. 15,000

4. Drawings a/c. Dr. 1000

To cash a/c. 1000

Hope it helps you.