Question

Prepare accounting equation on the basis of the following
(1) jayanth started business with cash 100000
(2) deposited cash into bank 15000
(3) purchased goods from nagesh for cash 20000
​

Answer 1

Answer:

1) Cash 100000( Dr ) | Capital 100000( Cr )

2) Bank 15000( Dr ) | Cash 15000( Cr )

3) Goods 20000( Dr ) | Nagesh 20000 ( Cr )