Question

Prepare an Accounting Equation from the following transactions: (6)
i. Vikram started business with cash ₹ 25,000 and goods ₹ 50,000. ii. Sold goods costing ₹ 20,000 for ₹ 24,000 to Madhu. Half payment
received in cash.
iii. Opened a bank account for business , and transferred ₹ 20,000
from his savings account in it. iv. Salary paid ₹ 5,000.
v. Rent due but not paid ₹ 5,000.
Bhai send krdo last 30 mins left hain … plsssss fail ho jaoonga warna

Answer 1

Answer:

cash account. Dr. 25000

goods account. Dr. 50000

to capital account. 75000

cash account. Dr. 24000

to sale account 12000

to madhu account. 12000

bank account Dr. 20000

to cash account. 20000

salary account. Dr. 5000

to cash account. 5000

rent account. Dr. 5000

to outstanding rent account. 5000