Question

prepare an accounting equation:

a) Rajeev started business with cash ₹ 4,00,000 and ₹25,000 by stock.

b) Purchased plant for₹ 1,50,000 by paying ₹ 7500 in cash and balance

at later date.

c) Deposited ₹ 3,00,000 into the bank.

d) Purchased office furniture for ₹ 50,000and made payment through

cheque.

e) Purchased goods worth₹40,000 for cash and for ₹ 17,500 on credit.

f) Goods amounting to ₹ 22,500 was sold for ₹30,000on cash basis.

g) Furniture purchased for cash ₹2000.​

Answer 1

Answer:

a) cash a/c Dr stock a/c Dr to capital a/c b) plant a/c Dr to cash a/c to creditors a/c c) bank a/c Dr to cash a/c d) furniture a/c Dr to bank a/c e) stock a/c to cash a/c , creditors a/c f) cash a/c Dr to stock a/c to capital a/c g) furniture Dr to cash a/c