Question

Prepare accounting equation from the following. (a) Kunal started business with cash (b)He purchased furniture for cash (c)He paid commission (d)He purchases goods on credit. (e)He sold goods (costing Rs 20,000) for cash.​

Answer 1

Answer:

Answer:a)Cash A/c Dr. 250000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000 To Cash A/c 350000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000 To Cash A/c 350000Commission A/c Dr. 2000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000 To Cash A/c 350000Commission A/c Dr. 2000 To Cash A/c 2000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000 To Cash A/c 350000Commission A/c Dr. 2000 To Cash A/c 2000Mr. X (Debtors) A/c Dr. 40000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000 To Cash A/c 350000Commission A/c Dr. 2000 To Cash A/c 2000Mr. X (Debtors) A/c Dr. 40000 To Sales A/c 40000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000 To Cash A/c 350000Commission A/c Dr. 2000 To Cash A/c 2000Mr. X (Debtors) A/c Dr. 40000 To Sales A/c 40000Cash A/c Dr. 26000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000 To Cash A/c 350000Commission A/c Dr. 2000 To Cash A/c 2000Mr. X (Debtors) A/c Dr. 40000 To Sales A/c 40000Cash A/c Dr. 26000 To Sales A/c 20000

Answer:a)Cash A/c Dr. 250000 To Capital A/c 250000Furniture A/c Dr. 35000 To Cash A/c 350000Commission A/c Dr. 2000 To Cash A/c 2000Mr. X (Debtors) A/c Dr. 40000 To Sales A/c 40000Cash A/c Dr. 26000 To Sales A/c 20000 To P&L A/c 6000