Question

on.
• Prepare accounting equation from the following transactions to calculate
assets, liabilities and owner's equity.
a. Singye commenced business with cash Nu.300,000 and Furniture
Nu.50,000
b.borrowed nu. 100000 from BNBL
C.bought goods for nu.35000 from dorji for cash
D. rent due but not yet paid nu.6500
E. sold goods costing nu. 5000 for nu.6500
F. depreciate furniture by 10% for 6 months
G.commission earned but not yet received nu.4000
H. interest paid nu.1000​

Answer 1

Answer:

cash AC Dr

furniture AC Dr

To owners capital AC