Question

Q. 4 Give the accounting equation for the following transactions.
1. Mr. Swaraj commenced business with Bank balance * 1,10,000.
2. Purchased Furniture on credit from S.M Furniture Mart * 25,000.
3. Bought goods on credit from Yuvraj * 15,000.
4. Purchased Machinery * 10,000.
Paid Electricity bill * 3,500.
6. Goods destroyed by fire * 1,500.
5.​

Answer 1

Answer:

1bank a/c .....Dr

To Mr swaraj a/c

2furniture a/c ...Dr

To credit a/c

3yuvraj a/c .....dr

To f.a a/c

4machinery a/c .....Dr

To cash a/c

Answer 2

Explanation:

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