Question

Q. 5 Show accounting equation for the following transactions: 1. Rohit started business with cash 50,000. 2. Bought goods on credit from Manoj 6,000. 3. Cash purchases * 5,000. 4. Paid wages * 3,000 to Casual labour. 5. Sold goods to Santosh * 7,000 on credit. 6. Received Commission 1,000 from Vaishali. 43

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Answer 1

Answer:

1. cash A/C dr. 50000

To capital A/C 50000

2. purchases A/C dr. 6000

To manoj A/c 6000

3.purchases A/C dr. 5000

To cash A/c 5000

4.wages A/C dr. 3000

To cash A/c 3000

5.santosh A/C dr. 7000

To sales A/C 7000

6.cash A/C dr. 1000

To commission A/C 1000

I SOLVE THIS QUES IN DETAIL

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