Question

Show the accounting equation for the following:
(i) Commenced business with cash Rs. 3,00,000.
(ii) Purchased goods for cash Rs. 80,000.
(iii) Purchased machinery on credit Rs. 1,25,000.
(iv) Withdrew for personal use cash Rs. 10,000 and goods Rs. 4,000.​

Answer 1

Answer:

Casha\c

To capital a/c