Question

NEED accounting EQUATION FOR THESE ENTRIES.


1) Business commenced with a capital of 6,00,000
2) 4,50,000 deposited in a bank Account
3) 2,30,000 purchased plant and machinary by paying
30,000 cash immediately.
4) purchased goods worth 40,000 for cash and 45,000
on account.
5) paid a cheque of 2,00,000 to the supplier for plant
and machinery.
6) 70,000 cash
sales (of goods costing 50,000)
7 withdrawn by the proprietor 35,000 cash for personal use.
8) Insurance paid by cheque of 2,500.
9) salary of 5,500 outstanding.
10) furniture of 30,000 purchased in cash.
11) goods sold to priya for 16,000
12) Recieved a cheque of 16,000 from priya.
13) sold goods to Nidhi 14,000.
14) Nidhi pays 14,000 cash.
15)purchased goods for 20,000 for 20,000 on credit from ritu.
16) insurance paid by cheque 6,000.
17) paid rent 2,000.
18) goods costing 1,500 given as charity.
19) purchased office furniture for 11,200.
20) cash withdrawn for household purposes 5000.
21) lnterest recieved cash 1,200.
22) cash sales 2,300.
23) commision paid 3,000 by cheque.
24) Telephone bill paid by cheque 2,000.
25) payment of salaries in cash 12,000


i request pls dont answer if you dont know for getting points​

Answer 1

Explanation:

cash ac Dr. 600000

to capital ac. 600000

bank ac Dr. 450000

to cash ac. 450000

plant and mech AC Dr 230000

to "sellers name ". 200000

to cash ac. 30000