Question

a Recorans
5. Prepare accounting equation from the following transactions.
Rhea started business with cash Rs. 80,000 and goods Rs. 30,000.
She bought goods on credit from Nandita Rs. 40,000.
(b) She paid Nandita Rs. 38,000 in full settlement.
c She purchased a machine by taking loan from bank. Cost of the machine was Rs.
(10% Amount paid in Cash)
(d) Depreciation @ 10% was provided on the machine,
(e) Sold goods costing Rs. 15,000 on credit for Rs. 18,000, less 10% trade discount.
10 Received from Debtor Rs. 16.000 in full settlement.
Give one Iran action for thorrhe following that will​

Answer 1

Answer:

Ing transactions:- (6)  withdrawn goods for personal use (cost rs. 5,000 + igst@18%; sale price rs. 7,000)  sold goods to kiran of delhi at the list price rs. 20.000 less trade discount 10% add cgst and sgst @ 9% each., and allowed cash discount @5%. he paid amount immediately.  bought goods from nanak brothers for rs. 4,00,000 at 10% trade discount and 3% cash discount. 25% of the amount paid at the time of purchase.  sold goods to kumar & sons for rs. 2,00,000 at 20% trade discount and 5% cash discount. 60% of the amount received by cheque.  sold goods costing rs.15,000 at a profit of rs.20,000 to ramesh.  security deposit paid to landlord rs.50,000 by cheque. also paid him rent of rs.20,000 in cash.