Q1. Accounting equations
a. Started bison trees with cash Rs 1,00,000
b. Bought goods for cash Rs 20,000
c. Rent recieved Rs 5,000
d. Salary outstanding Rs 10,000
e. God's destroyed by fire Rs 13,000
f. Paid for charity Rs 200
Answers
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1
Answer:
a.
capital a/c dr. 100000
to cash a/c
b.
purchase a/c dr. 20000
to cash a/c 20000
c.
cash a/c dr. 5000
to rent a/c 5000
d.
salary outstanding a/c dr. 10000
to salary a/c 10000
e.
lost by fire a/c dr. 13000
to cash a/c 13000
f.
charity a/c dr. 200
to cash a/c 200
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