Question

29. Transactions of M/s Goel Traders are given below. (6)
Show the effects on Assets, Liabilities and Capitalwith the help of accounting
Equation.

i. Business started with cash Rs. 1,25,000
ii. Purchased goods for cash Rs. 50,000
iii. Purchase furniture from R.K. Furniture Rs. 10,000
iv. Sold goods to Parul Traders (Costing Rs. 7,000) Rs.9000
v. Paid cartage Rs. 100
vi. Cash Paid to R.K. furniture in full settlement Rs. 9,700
vii. Cash sales (costing Rs.10,000) Rs. 12,000
viii. Rent received Rs. 4,000
ix. Cash withdrew for personal use Rs. 3,000

Answer 1

Answer:

30000000000000 is the answer