Question

show the accounting equation on the basis of the following transaction 1)mohan started business with cash 30,000 2)purchased goods on credit from ram 9,000 3)sold goods for cash 5000 4)paid salary 3000

Answer 1

cash a/c dr. 30000
To capital a/c...... 30000
(being started business with cash)

purchase a/c.. dr.... 9000
To Ram................................. 9000
(purchase goods on credit)

cash, a/c. dr... 5000
To Sales a/c............... 5000
(sold goods on cash).

salary a/c dr.. 3000
To cash... a/c............ 3000
(paid salary)



:)