Question

BIL
(8) From the following particulars of Tarun & Company, you are required to prepare
accounting equations:-
(1) Business commenced with cash * 1,92,000, cash at bank 1,20,000 and stock
48,000.
(*) Goods purchased from Rahim of 1,80,000 and cash was paid * 1,20,000 partially.
(ii) Goods sold to Krishan of 96,000 and a partial amount of 36,000 was received by
cheque.
(-) Roodle
Bank & Dettor
(in) Amount withdrew from bank *18,000 for office use and 12,000 for domestic use. Reup
(iv) Rent paid was 30,000 including an advance amount * 6,000.
(Ans. Assets= 3,84,000; Capital= 3,24,000; Liabilities = 60,000)​

Answer 1

Answer:

Assets 384000 Capital 324000 Liabilities 60000