Question

1. (a) Ram started a business on 1.1.2009 with a capital of 6,000 and a loan of
3,000 borrowed from Bharat. On 31 December 2009. his assets were
18,000. Find out his capital as on 31.12.2009 and profits made or losses
incurred during the year 2009.
(b) if in the above problem 1(a) during 2009, the proprietor had introduced
additional capital of 3,000 and had withdrawn? 1,800 for personal purposes,
find out the profit.
2. Show the Accounting Equation on the basis of the following transactions:
(a) Sri Ram commenced business with 50,000.
(b) Interest on Capital 500.
(c) Purchased a typewriter for 7,000.
(d) Bought furniture from M/s Mohan Furniture's on credit for 3,000.
(e) Purchased goods from Sohan for 30,000.
sufry of the goods sold at 33 % profit 70% received in cash from Shyam.
(9) Goods destroyed by fire (Cost 500, sale price* 600).
(h) Withdrew goods for personal use (cost 500, sales price 600).
Received 90% from Shyam in full settlement.
- 0) Paid * 29,700 to Sohan in full settlement of 30,000.
(k) Paid salaries 500 and salaries outstanding 100
Charged depreciation of * 300 on furniture and 100 on typewriter.
Show the Accounting Equation on the basis of the following transactions.
(a) Shri Ram commenced business with 30,000.
(b) Paid rent in advance 1.200.
(c) Purchased a typewriter for 4200.
(d) Bought furniture from M/s Mohan Furnitures on credit for 1.800.
(e) Purchased goods from Sohan for cash 21,000.
( Sold goods to Shyam for cash 24,000 (costing 18,000).
(9) Bought goods from Ramesh for * 18,000.
(h) Sold goods to Shyam costing 18,000 for 30,000.
(D) Purchased goods for 9,000 giving 3,000 in cash and the balance through a loan.
10) Goods destroyed by fire (cost * 300, Sale Price 360).
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Answer 1

Answer:

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Explanation:

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