Question

Present the following transactions in the form of accounting equation:

a) Rahul started business with cash Rs. 90,000

b) Purchased goods for RS. 30,000 in cash and Rs. 5,000 on credit

c) Loss of cash by theft Rs. 1,000

d) Sold goods for Rs. 7,000 in cash and Rs. 10,000 on credit

e) Wages paid to employees Rs. 1,000

f) Interest due but not received Rs. 1,000

g) Purchased cycle for his son Rs. 2,000

h) Goods withdrawn for personal use Rs. 1,000

i) Goods costing Rs. 4,000 sale price Rs. 5,000 given as charity

j) Goods lost by fire costing Rs. 1,000, sale price Rs. 1,800

k) Unearned rent Rs. 2,000​

Answer 1

Answer:

Pls take the rule on it like as/- Cash =Asset (Increse)Dr. (decrese)=Credit.