Prepare the accounting equation from the following transaction:
A) Rahul started business and brought capital RS.1,00,000 in cash
B) sold goods costing Rs.25,000 for RS.35,000 against cash
C) purchased machinery from M/S Simon & co for RS. 20,000.
D) purchased goods in cash RS. 50,000
E) paid M/s Simon & co in cash
Pls urgent
Share
To capital account 1,00,000
B)cash account ........Dr. 35,000
to sale account 35,000
C)machinery account. ..Dr. 20,000
to M/S simon account 20,000
D)purchase account .....Dr. 50,000
to cash account 50,000
E)M/S Simon account. ....Dr. 20,000
to cash account 20,000
Here it's ur ans