Show the accounting equation on the basis of the following transactions.
Sohan started business with cash Rs.40,000, goods Rs.20,000, furniture Rs.1,000 & Creditors of Rs. 6,000.
Purchase Building Worth Rs. 1,00,000 by taking Bank Loan.
Rent due to landlord for current month..
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cash a/c Dr 40000
purchase a/c Dr 20000
furniture a/c Dr 1000
to creditors a/c 6000
to capital a/c 55000
building a/c Dr 100000
to bank loan a/c 100000
rent payable a/c Dr
to landlord a/c
(being rent due for current month )
purchase a/c Dr 20000
furniture a/c Dr 1000
to creditors a/c 6000
to capital a/c 55000
building a/c Dr 100000
to bank loan a/c 100000
rent payable a/c Dr
to landlord a/c
(being rent due for current month )
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