Question

15- Show the effect of following transactions on the accounting equation:
(1) Manoj started business with
(0) Cash
(ii) Goods
Building
(2) He purchased goods for cash
(3) He sold goods for cash (costing Rs. 20,000)
(4) He purchased goods from Rahul
(5) He sold goods to Varun (costing Rs. 52,000)
(6) He paid cash to Rahul in full settlement
(7) Salary paid by him
(8) Received cash from Varun in full settlement
(9) Rent outstanding
(10) Commission received by him
(11) Amount withdrawn by him for personal use
(12) Depreciation charged on building
Rs.
2,30,000
1,00,000
2,00,000
50,000
35,000
55,000
60,000
53,000
20,000
59,000
3,000
13,000
20,000
10,000​

Answer 1

Answer:

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