Question

Analyse the effect of each transaction on assert and liablities and show that the show that the both sides of accounting equation​

Answer 1

assets dr.

to liabilities

Answer 2

Answer:

Analyse the effect of each transaction on assets and liabilities and show that the both sides of Accounting Equation (A = L + C) remains equal : i) Introduced 8,00,000 as cash and 50,000 by stock. <br> (2) Purchased plant for 3,00,000 by paying 15,000 in cash and balance at a later date. <br> (iii) Deposited 6,00,000 into the bank. <br> (iv) Purchased office furniture for 1,00,000 and made payment by cheque. <br> (v) Purchased goods worth 80,000 for cash and for 35,000 in credit. <br> (vi) Goods amounting to 45,000 was sold for 60,000 on cash basis. <br> (vii) Goods costing to 80,000 was sold for 1,25,000 on credit. <br> (viii) Cheque issued to the supplier of goods worth 35,000. <br> (ix) Cheque received from customer amounting to 75,000. <br> (x) Withdrawn by owner for personal use 25,000

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