prepare accounting equation for the following Kunal started business with cash 250000 he purchased furniture for cash 35000 he paid commission 2003 purchase goods for cash 40000 he sold goods costing 20000 for cash
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Q. kunal started business with cash ₹. 2,50,000
Ans. cash A/c. debit ₹. 2,50,000.
To capital A/c. 2,50,000
Q. He purchased furniture for cash ₹. 35,000
Ans. furniture A/c debit 35,000
To cash A/c 35,000
Q. He paid commission 2003
Ans. commission A/c debit
To cash A/c
Q. purchase goods for cash 40,000
Ans. purchase A/c debit. 40,000
To cash A/c 40,000
Q. He sold goods costing 20,000 for cash
Ans. cash A/c debit 20,000
To sales A/c 20,000
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