Question

prepare accounting equation?
Suresh Started business with
Cash 500000
Bank 250000
2) Parchased goods by cheque 50000
3) Bought Pesniterne from tip top edakkara 75000
4) Sold goods to Raheem costing ruppes 15000 at ruppes 25000 on credit
5) Bank interest received 750​

Answer 1

cash account dr500000

bank account dr 250000

• To capital account 750000

( being strted business with cash and bank )

purchase account dr 50000

• To bank account .....50000

( being purchased goods on cheque )

bank account dr 750

• To interest receive account 750

( being interest receive from bank )