1.

Show the accounting equation on the basis of the following transaction.1. X Started business with Cash - Rs. 20,0002. purchased goods from y - Rs.5,0003.sold goods to Z costing rs.1,800- Rs.1,5004.Ram withdrew from business- Rs.2,500 please be sure to slavishly​

Answer»

ANSWER:

CASH a/c. dr. 20000

To X's CAPITAL A/c 20000

purchases a/c. dr. 5000

To Y. a/c 5000

Z A/c. dr. 1500

To cash. a/c 1500

Capital A/c. dr. 2500

To drawings a/c 2500

Hope it helpss... sorry if anything is wrong



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