show the accounting equations on the basis of the following transaction.
1) Commenced business with cash Rs20,000 goods Rs 50,000 and furniture Rs 30,000.
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Answered by
1
Answer:
cash+stock+furniture=capital
20,000+50,000+30,000=10,000
Answered by
2
Answer:
Explanation:
Cash A/c Dr 20,000
Purchases A/c Dr 50,000
Furniture A/c Dr 30,000
To Capital A/c 1,00,000
(being business commenced with cash, goods and furniture)
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