Question

Prepare the accounting equation
1. Sahdev started business with cash RS.5,00,000.
2. Purchased goods for cash Rs. 20,000. 3. Purchased goods from Raghubir on credit for Rs. 25,000.
4. Purchased furniture form fancy furniture house for Rs. 1,50,000 on credit. 5.Sold goods for cash Rs. 30,000
6. Sold goods to Yuvraj on credit for Rs. 50,000.
7. Cash paid to Raghubir Rs.20,000.
8.Cash received form Yuvraj Rs.15,000. 9. Paid rent Rs. 10,000,​

Answer 1

Answer:

cash a/c debited to Sahdev a/c

2.purchases a/c debited to cash a/c

5.sales a/c debited to cash a/c

7.Raghubir a/c debited to cash a/c

8.cash a/c debited to Yuvraj a/c

9.Cash a/c debited to rent A/c