Question

Prepare Accounting Equation from the following:

(a) Started business with cash Rs. 100000.

(b) Purchase goods for cash Rs. 20000 and on credit Rs. 30000.

(c) Sold goods for cash costing Rs. 10000 and on credit costing Rs. 15000 both at a Profit of 20%.​

Answer 1

Answer:

cash a/c Dr 1000000 to capital a/c1000000