Question

prepare an Accounting Equation from the following 1.)Started Business with cash RS 100000. 2.)purchased goods for cash Rs 20000 and on credit Rs 30000. 3.) sold goods for cash costing Rs 10000 and on credit costing Rs 15000 both at a profit of 20%​

Answer 1

Hey mate ☺️

1. Cash A/c Dr. Rs.100,000

To Capital A/c Rs. 100,000

2. Purchases A/c Dr. Rs. 50,000

To cash A/c Rs. 20,000

To Creditor A/c Rs. 30,000

I Hope it helps you ☺️ ✌️ ✌️