Question

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Show on the accounting equation on the basis
following transactions:
a) commenced business with cash R$ 20,000 goods Rs 50,000
and furniture Rs. 30,000
b) Purchased goods from Gopal on credit Rs 40,000
c) gold
sold goods for cash es 40,000
cash as 40,000 (costing Rs 30,000)
sold goods to Ram R$ 65,00 (casting so, ott
e) withdrew for personal
for personal use goods costing
f) purchased typewritter for personal of the proprietor
g) Purchased clairs for office use for cash Rs 10,000
W 4) paid for printing as 500 and received commission
1200​

Answer 1

Answer:

Sold goods to Arun for 8,000 for cash.

4 Paid Rent 3,000 and Electricity bill 500.

5 Purchased 100 Shares of Perfect Technologies for * 55 per share and paid Brokerage

250 by transfer through netbanking.

6 Withdrawal of goods for personal use 500.

7. Sold goods for cash 5,000 less 10% Cash Discount.

8 Deposited cash into Bank 2,000.

9 Paid 3,000 for daughter's tuition fees by Debit Card.

10

Purchased a Table for 2,000.

19 Received 1,500 by selling the scrap.

27 Paid cash into bank

Explanation:

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