Question

Prepare Accounting Equation on the basis of the following:

a. Harish started business with cash ₹2,00,000

b. Purchased goods from Naman for cash ₹1,40,000

c. Sold goods to Bhanu costing ₹10,000​

Answer 1

Answer:

a. Cash A/C Dr. 2,00,000

To Capital A/C 2,00,000

b. Purchases A/C Dr. 1,40,000

To Cash A/C 1,40,000

c. Bhanu A/C Dr. 10,000

To Sales A/C 10,000