Question

Prepare accounting equation for the following transactions.

(a) Murugan commenced business with cash ` 80,000

(b) Purchased goods for cash ` 30,000

(c) Paid salaries by cash ` 5,000

(d) Bought goods from Kumar for ` 5,000 and deposited the money in CDM.

(e) Introduced additional capital of ` 10,000​

Answer 1

Answer:

a) Cash A/C Dr 80000

To Capital A/C 80000

b) Purchase A/C Dr 30000

To Cash A/C 30000

c) Salaries A/C dr 5000

To Cash A/C 5000

Explanation: