Question

Show the accounting equation on the basis of following transactions.

1)commenced business with cash rupees 20000, with goods rupees 50000 and furniture of rupees 30000

2) purchased goods from Gopal on credit rupees 40000

3) sold goods for cash rs. 40000 costing rs.30000

4) sold goods to Ram on credit RS 65000 costing rs 50000

5) withdrew for personal use goods costing rs 9000

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Answer 1

Answer:

cash + stock + furniture+ debtor=capital+creditors

20000+50000+30000+0 = 100000

20000+40000+30000 +0 = 100000+40000

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20000+90000+30000+0 =100000+40000

40000+(30000) +0 +0 = 10000+0

................................................ ............................................

60000+60000+30000+0 = 110000+40000

0+(50000) +0+65000=15000+0

.......................................................,.....................................

60000+10000+30000+65000=125000+40000

0 +(9000)+ 0 +0 =(9000) + 0

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60000+1000+30000+65000=116000+40000

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