Question

Prepare the Accounting Equation for thebfollowing transactions:

a)Commenced business with cash Rs.20,000, goods Rs.50,000 and

furniture Rs.30,000

b)Purchased goods from Gopalon credit Rs.40,000

c)Sold goods for cash Rs.40,000 (costing Rs.30,000)

d)Sold goods to Ram for Rs.65,000 (costing Rs.50,000)

e)With drew for personal use goods costing Rs.5,000

f)Purchased a type writer for personal use of proprietor Rs,20,000

g)Purchased chairs for office use for cash Rs.10,000

h)Paid for printing Rs.500

i)Introduced fresh capital Rs.40,000

j)Paid to Gopal Rs.30,000​

Answer 1

Answer:

....................

Explanation:

g)Purchased chairs for office use for cash Rs.10,000

h)Paid for printing Rs.500

i)Introduced fresh capital Rs.40,000

j)Paid