Question

Show the accounting equation on the basis of the following transaction.
1. X Started business with Cash - Rs. 20,000
2. purchased goods from y - Rs.5,000
3.sold goods to Z costing rs.1,800- Rs.1,500
4.Ram withdrew from business- Rs.2,500
please be sure to slavishly​

Answer 1

Answer:

Cash a/c. dr. 20000

To X's capital A/c 20000

purchases a/c. dr. 5000

To Y. a/c 5000

Z A/c. dr. 1500

To cash. a/c 1500

Capital A/c. dr. 2500

To drawings a/c 2500

Hope it helpss... sorry if anything is wrong