Question

5. Use Accounting, Equatin to show the effect of the following taransactions of Ravi Teaders.
a) Started business with cash 1,00,000
b)Bought goods for cash. 85.20,000
c) Rent received
d)Salary , outstanding Rs.10.000
e)Goods distroyed by fire Rs.13,000 ,
f)paid for charity Rs. 200.

give correct answer otherwise i will report.​

Answer 1

Answer:

Details as provided sub answer wise

Step-by-step explanation:

Capital + Liabilities = Assets

a) Started business with cash 1,00,000

Capital (100000)+  Liabilities = Assets (Cash 100000)

b)Bought goods for cash. 85.20,000

Capital +  Liabilities = Assets(Stock + 8520000) (Cash -8520000)

c) Rent received

Capital (Profit and Loss A/c +Amount)+  Liabilities = Assets (Cash +Amount)

d)Salary , outstanding Rs.10.000

Capital (Profit and Loss A/c -10000)+  Liabilities(Salary Payable +10000) = Assets

e)Goods distroyed by fire Rs.13,000 ,

Capital (Profit and Loss A/c -13000)+  Liabilities = Assets (Stock -13000)

f)paid for charity Rs. 200.

Capital (Profit and Loss A/c -200)+  Liabilities = Assets (Cash -200)

Answer 2

Wrong answer friend

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