Question

Jan 29. Lent Rs. 10,000 to Suresh.
I Show the effect of following transactions on the accounting equation:-
a) Sonia started business with cash Rs. 4,000, stock Rs. 3,000 and machine Rs. 6,000.
.) Purchased goods on credit Rs. 3,000
d) Soid goods costing Rs. 16,000 for 2,000 on credit.
d) Returned goods to supplier Rs. 10,000
e Cash paid to supplier Rs. 10,000​

Answer 1

Answer:

purchase account dr

to creditors account