show the accounting equation
Answers
Answer:
Cash A/c ..dr. 9000
To Capital A/c. 9000
______________________________
purchases A/c ..dr. 7400
To cash A/c. 7400
______________________________
purchases A/c ..dr. 2650
To creditor A/c. 2650
______________________________
creditor A/c. ..dr. 300
To cash A/c. 300
______________________________
cash A/c. ..dr. 2000
To sales A/c. 2000
______________________________
business expenses A/c ..dr. 700
To cash A/c. 700
______________________________
drawing A/c ..dr. 400
To purchases A/c. 400
______________________________
purchases A/c. ..dr. 1000
To cash A/c. 1000
______________________________
rent A/c. dr. 200
To rent outstanding. 200
______________________________
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