Question

Started business with cash rs2,00,000 by nimay and good purchase on credit card rs 50,000 from vanshika make transactions on accounting equation

Answer 1

Cash a/c dr.. 200000
To Capital a/c.............. 200000
(start business with cash)



purchase a/c.. dr... 50000
To vanshika a/c.................. 50000
(good purchase on credit)