Question

9. 2. (B) Prove that the Accounting Equation is satisfied in all the following
transactions of Rajaram. Also prepare a Balance Sheet :-
1. Started business with Cash 31,20,000.
2. Purchased a typewriter for Cash for 38,000 for office use.
3. Purchased goods for 350,000 for cash
4. Purchased goods for 240,000 on credit.
5. Goods costing 760,000 sold for 780,000 on credit.
6. Paid for Rent 31,500 and for salaries 32,000.
7. Received 3800 for Commission.
8. Withdrew for private use 75,000 in cash.
[Ans. Assets : Cash 354,300 + Typewriter 78,000 + Stock 330,000 + Debtors
380,000 = Liabilities : Creditors 340,000 + Capital 31,32,300; Balance Sheet Total
1,72,300.]​

Answer 1

Answer:

sorry dude l don't understand your question

Answer 2

Answer:

ACCOUNTING EQUATION

S. No. Transaction Assets = Liabilities + Capital

Cash + Typewriter + Stock + Debtors = Creditors

(i) Started business with cash +1,20,000 + 1,20,000

1,20,000 = 1,20,000

(ii) Purchased typewriter for office use –8,000 + 8,000

1,12,000 + 8,000 = 1,20,000

(iii) Purchased goods for cash –50,000 +50,000

62,000 + 8,000 + 50,000 = 1,20,000

(iv) Purchased goods on credit +40,000 40,000

62,000 + 8,000 + 90,000 = 40,000 + 1,20,000

(v) Goods costing Rs 60,000 sold for Rs 80,000 on credit –60,000 +80,000 +20,000 (Profit)

62,000 + 8,000 + 30,000 + 80,000 = 40,000 + 1,40,000

(vi) Paid rent Rs 1,500 and salaries Rs 2,000 –3,500 –3,500 (Expenses)

58,500 + 8,000 + 30,000 + 80,000 = 40,000 + 1,36,500

(vii) Commission received +800 +800 (Income)

59,300 + 8,000 + 30,000 + 80,000 = 40,000 + 1,37,300

(viii) Withdrew cash for private use –5,000 –5,000 (Drawings)

54,300 + 8,000 + 30,000 + 80,000 = 40,000 + 1,32,300

Balance Sheet of Rajaram

as on ……

Liabilities Amount (Rs) Assets Amount (Rs)

Creditors 40,000 Cash 54,300

Capital 1,32,300 Typewriter 8,000

Stock 30,000

Debtors 80,000

1,72,300 1,72,300

HOPEEEEEEEEE ITTTTTTT HELPSSSSSSSSSS