Question

Sanjay has the following transaction prepare accounting equation first business start with cash 350000 2nd brought good from Ashok 50000 3rd good sale on credit to Rajesh costing 30​

Answer 1

Answer:

Firstly ,cash ac dr 350000

to Sanjay's capital ac. 350000

2nd goods ac dr. 50000

to cash ac 50000

3rd rajesh ac dr. 30 + 50000

to goods ac 30 +50000