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accounting equation 1. commenced business with …

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accounting equation 1. commenced business with cash ₹80000. 2. bought goods from ram on credit ₹20000. 3. paid cash to ram ₹15000. 4. paid rent to ram ₹1600 and salary ₹4400. 5. Sold goods costing ₹10000 for ₹13000 to mohan. 6. Received cash from mohan ₹10000. 7.withdrew cash ₹4000 and goods ₹5000 for persons use. 8. Goods returned to ram ₹2000.
  • 2 answers

Akshat Singh 6 years, 8 months ago

1. Cash a/c dr to capital a/c 2. Purchase a/c Dr to ram 3. Ram Dr to cash a/c 4. i) Rent a/c dr to cash a/c ii) salary a/c Dr to cash a/c 5. Mohan Dr to sales a/c 6. Cash a/c Dr to Mohan 7. Drawings a/c Dr to cash a/c to purchase a/c. 8. Ram a/c Dr to purchase a/c

Prerna Jangid 6 years, 8 months ago

1. Cash a/c dr. 80,000. To capital .. 80,000. 2. Purchase a/c dr. 20,000. To cash .. 20,000. 3.Ram a/c. Dr. 15000. To cash.. 15000. 4. Ram a/c dr. 1600. Salary a/c. Dr. 4400. To cash. 6000. 6. Cash a/c. Dr. 10,000. To mohan. 10,000. 8. Ram a/c. Dr. 2,000. To purchased return. 2,000.
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