Answer Happy

For the following transactions, analyze the accounting
transactions using the accounting equation
framework
1. Introduced Rs500000 through a cheque by the Owner as
the Initial capital in the business
2. Purchased goods on credit from Ms. Ritu at Rs
40000
3. Paid Rs 10000 as salary to the employees
4. Invested Rs200000 in a fixed deposit
account
5. Paid school fees of the kid Rs 25000, from the
business’s bank account.
Analyzing each transaction for correct journal
entry