Question

Moni has the following transactions. Prepare accounting eqn.a.business started with cash rs.100000.b.purshased office furniture for office use rs.10000.c.Cash withdrawn for personal use rs.20000.d .commission received in advance rs.8000.e.rent paidrs.12000.f.sold goods for cash rs .10000.....Plzz solve this ​fast

Answer 1

Answer:

1.cash 100000

To capital 100000

2. office furniture10000

To cash 10000

3. drawings 20000

To cash 20000

4. cash 8000

to commission 8000

5. rent 12000

To cash 12000

6. cash 10000

To sales 10000