Question

show the accounting equation on the basis of the fallowing transaction :. 1. harish started business with cash rs 15 ,000 2. purchased good on credit rs 7,000 3. purchased furniture for cash rs 500 4. deposit into Bank rs 2,000 5. withdrew cash for private use rs 200 6.paid salary rs 300.

Answer 1

Hey, ✋ there your answer is _______,

1) Cash A/c Dr. 15,000
To Capital A/c 15,000
(Being business started with cash as capital)


2) Purchases A/c Dr. 7,000
To Goods A/c 7,000
(Being goods purchased on credit)

3) Furniture A/c Dr. 500
To Cash A/c 500
(Being furniture purchased for cash)

4) Bank A/c Dr. 2,000
To Cash A/c 2,000
(Being cash deposited into bank)

5) Cash A/c Dr. 200
To Drawing A/c 200
(Being cash withdrew for personal use)

6) Paid Salary A/c Dr. 300
To Cash A/c 300
(Being paid salary)



✅ Hope it may helps u...!!! ☺

Answer 2

1. cash a/c dr 15,000

to capital a/c 15,000

2. purchase a/c dr. 7,000

to credit a/c 7,000

3. furniture a/c dr 500

to cash a/c 500

4. bank a/c dr. 2000

to cash a/c 2000

5.drawings a/c dr. 200

to bank a/c 200

6. salary a/c dr. 300

to cash a/c 300