Question

9. Transactions of M/s Vipin Traders are given below.
Show the effects on Assets, Liabilities and Capital with the help of accounting
Equation
(a) Business started with cash
Rs. 1,25,000
(b) Purchased goods for cash
Rs. 50.000
(c) Purchase furniture from R.K. Furniture
Rs. 10.000
(d) Soid goods to Parul Traders (Costing Rs. 7.000 vide Rs.9.000
bill no. 5674)
(e) Paid cartage
Rs. 100
(1) Cash Paid to RK. furniture in full settlement
Rs. 9.700
lg Cash sales (costing Rs.10,000)
Rs. 12.000
Rs. 4,000
(h) Rent received
Rs. 3,000
(1) Cash withdrew for personal use
Ans: Asset = cash Rs. 78,200 + Goods Rs. 33,000 + Furniture Rs. 10.000
Debtors Rs. 9.000 = Rs. 1,30.200: Liabilities = Capital Rs. 1,30,200)
monenlting firm and completed these transactions during​

Answer 1

Answer:

Transactions of M/s Vipin Traders are given below Show the effects on Assets, Liabilities and Capital with the help of accounting Equation Rs (a) ...

Explanation:

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