Question

on
Questa prepare Accounting equation
I)Ravi Stasted business with cash Rs.100000.
ii)purchased goods on
credit Rs. 5oooo from hari
iii)paid salary.rs10000
iv)comission received rs5000
v) purchased building.rs30000
​

Answer 1

Cash a/c Dr 1000000

To capital A/c 1000000

Purchases A/c Dr 50000

To Hari's A/c 50000

Salary a/c Dr 10000

to Cash a/c 10000

Cash a/c Dr 5000

To commission a/c 5000

Building a/c Dr 30000

To cash a/c 30000

hey dost your answer

Thanks