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P1 C5 Accounting Equation and Business Transactions — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C5 Accounting Equation and Business Transactions3 Marks
Question
Write journal entries for the following transactions and explain accounting treatments basedon equation :
$(1)$ Withdrew $₹ 5000$ from bank.
$(2)$ Salary of $₹ 4000$ paid by cheque.
$(3)$ Commission received in cash $₹ 3000$ and $₹ 2500$ are outstanding.
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