Question

show the accounting equation on the basis of the following transactions: (a) paramjeet commenced business with ₹1150000. (b) wages paid ₹4000 and outstanding ₹6000. (c) goods perchased with ₹80000. (d) computer perchased from star computer worth ₹30000 and paid half the amount in cash. (e) invested ₹90000 into the bank. (f) goods perchased from Vaibhav for ₹8000 and made the payment by cheque. (g) purchased a building for ₹600000 and the payment was made by cash. (h) 1/2 of the stock available was sold to mohit at a profit of 20% on cost. Also prepair the balance sheet with the financial statement.​

Answer 1

Answer:

cash a/c Dr to capital a/c 1150000