Question

a.
C.
e.
Collected payments from clients billed earlier, Rs. 18,000.
Chapter 3: Accounting Process 131
I b.
Billed clients for professional services, Rs. 35,000.
Bought supplies on account, Rs. 4,000.
d.
Received agency commission, Rs. 25,000.
Bought a computer for cash, Rs. 3,000.
f. Paid office rent, Rs. 4,000.
Withdrew cash for personal use, Rs. 13,000.
8
h. Bought supplies on credit, Rs. 1,500.
i.
Paid staff salaries, Rs. 9,000.
j.
Paid accounts payable, Rs. 6,000.
k.
Took a bank loan, Rs. 32,000.
Required: Analyze the effect of the transactions on the accounting equation. First enter the
beginning balances.
Ans: Rs. 161,500
The following transactions of Access Marketing Limited were concluded in August:
Roman business by contributing Rs 35.000 cash in exchange for 3.500 shares of Rs. 10 each of plz all solution ​

Answer 1

Answer:

paid cash to suman rs 15000

Answer 2

Answer:

- in assets and (-) in liabilities