1.

Start business with cash RS. 1,00,000 , purchase goods an credit RS. 4000, purchase goods for cash RS. 1000 , withdraw cash for private use RS. 850 prove that the accounting equation is satisfied in all the following transaction

Answer»

Answer

1.CASH 100000

To CAPITAL 100000

2. purchase 40o0

To creditor 4000

3. Purchase 1000

To GOODS 1000

4. DRAWINGS 850

To cash 850



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