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
1,25,000
(b) Purchased goods for cash
*50.000
(c) Purchase furniture from R.K. Furniture
10,000
(d) Sold goods to Parul Traders (Costing 7,000 vide-
39,000
bill no. 5674)
(e) Paid cartage
100
(f) Cash Paid to R.K. furniture in full settlement
9,700
(g) Cash sales (costing 10,000)
12,000
(h) Rent received
4,000
(i) Cash withdrew for personal use
3,000
(Ans: Asset = cash 78,200 + Goods 33,000 + Furniture 10,000 Debtors
9,000 = 1,30,200; Liabilities = Capital 1,30,200)​

Answer 1

Answer:

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Explanation:

chillachilla prahulgandhi

Answer 2

Answer:

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