Give the accounting equation for the following transactions, Mr. Swaraj commenced business with Bank balance 1,10,000.Purchased Furniture on credit from S.M Furniture Mart 25,000.Bought goods on credit from Yuvraj * 15,000.Purchased Machinery 10,000.Paid Electricity bill * 3,500.Goods destroyed by fire 1,500.

Give the accounting equation for the following transactions, Mr. Swa

1.	Give the accounting equation for the following transactions, Mr. Swaraj commenced business with Bank balance 1,10,000.Purchased Furniture on credit from S.M Furniture Mart 25,000.Bought goods on credit from Yuvraj * 15,000.Purchased Machinery 10,000.Paid Electricity bill * 3,500.Goods destroyed by fire 1,500.
Answer» tion:Bank ac dr 110000 To capital cr 110000purchase ac dr 25000 To CASH ac cr 25000purchase ac dr 15000 To yuvraj ac cr 15000Machinery ac dr 10000 To PURCHASE ac cr 10000Electricity ac dr 3500 To purchase ac cr 3500Good destroyed by FIRE ac dr 1500 To cash ac cr 1500Hope it helps....

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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