Question

started business with cash 80000 goods30000 furniture 40000 accounting equations
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Answer 1

Answer:

Dr Cr

1. cash a/c -Dr 80,000

to capital a/c 80,000

purchase a/c 30000

to cash a/c 30000

furniture a/c 40000

to cash a/c 40000

2. cash a/c -Dr 5000

to sales a/c 5000

3. rent o/s -Dr -----

to cash a/c

4. interest expense a/c -Dr ------

to accured interest

5. cash a/c -Dr --------

to capital a/c

6. drawings a/c -Dr ------

to cash a/c

Explanation:

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