Question

. Prepare accounting equation on the basis of the following 

a) Ganesh commenced business with cash 1,00,000 

b) Puchased goods for cash 50,000 

c) Sold goods on credit to Eshwar 20,000​

Answer 1

Answer

a: cash account ..dr

to capital

(being started business with cash )

b: purchases account ..dr

to cash account

(being purchases goods on cash )

c: sales account ...dr

to cash account

(being solds good on credit)

Answer 2

Explanation:

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