Question

prepare the accounting equation for the year ended on 31st march 2021 on the bases of the following information
a) Anuj started business with cash rs 1,00,000
b) deposited cash into bank for opening bank account rs 50,000
c) withdrew cash for personal use rs 5,000
d) withdrew cash from bank for office use rs. 10,000
e) received a cheque from debtors shyam rs. 5,000
f) deposited shyam's cheque next day
g) paid to a creditor mahesh by cheque rs 10,000
h) paid salary to staff rs. 20,000
i) paid rent by cheque rs. 6,000
j) paid interest on loan rs. 5,000​

Answer 1

Answer:

1 . cash to capital 100000

2. bank to cash 50000

3. drawings to cash 5000

4. cash to bank 10000

6. bank to shyam 5000

7. shyam to bank 5000

8. mahesh to bank 10000

9. salary to cash 20000

10. rent to bank 6000

11. intrest on loan to cash 5000