Question

7. Transactions of Mohan Traders are given below. Show the effects of these
transactions on assets. liabilities and capital with the help of Accounting equation.
a. Business started with cash Rs. 1.00.000
b. Cash purchase Rs. 50.000
c. Cash sale of Rs. 60.000
d. Purchase furniture for cash Rs. 5.000
e. Paid rent Rs 4,000
f. Bought from Ratan Rs.8.000​

Answer 1

Answer:

asset = capital + liability

a)

(+)1,00,000=1,00,000 + _

b)

(+)50,000

(-)50,000= _+_

c)

(+)60,000=(+)60,000 + _

d)

(+)5000

(-)5000=_+_

e)

(-)4000 = (-)4000 + _

f)

(+)8000 = _ + 8000

Explanation:

this is the answer hope it will work ☺