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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 |
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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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