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Activity : 04Show the accounting equation for the following transactions and fill the table.1) Mr. Manohar started business with 75,000.2) Purchase Stationery * 1,0003) Bought goods 6,000 from Mohan.4) Sold goods to Radha 10,000.5) Purchase Mobile For business * 2,000.6). Sold goods costing * 20,000 at a profit of * 5,000.7) Paid salary *2,500. |
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Answer» Answer: 1.cash a/c. dr 75000 to capital a/c 75000 2.purchasesa/c. dr 1000 to cash a/c. 1000 (by stationary PURCHASED) 3.purchases a/c dr 6000 to Mohan a/c. 6000 4.Radha a/c. dr. 10000 to sales a/c. 10000 5.purchases a/c dr 2000 to cash a/c (or capital a/c) 2000 (by mobile purchased for BUSINESS) 6.cash a/c. dr. 20000 to sales a/c. 15000 to profit a/c. 5000 7.salary a/c. dr. 2500 to cash a/c. 2500 |
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