Question

State the end Accounting Equation from the following transactions:
(0)
Business started with cash Rs 1,75,000
Outstanding Salary Rs 2,000
(iii)
Purchased goods from Rohit for cash Rs 50,000

Answer 1

Answer:

(1) business start with cash

cash a/c Dr 175000

to capital A/c. 175000

(2) salary A/c Dr. 2000

To outstanding salary A/c. 2000

(3). purchase a/c Dr. 50000

To cash A/c 50000