Question

From the following prepare an accounting equation:

a) Started the business with Cash Rs.1,00,000, Bank balance Rs.50,000,

Goods Rs.25,000 and Computer Rs.40,000

b) Sold goods costing Rs.5,000 for Rs.6,000

c) Sold the computer for Rs.20,000

d) Paid salaries Rs.10,000​

Answer 1

Answer:

a) cash+ bank+stock+comp. = capital

1,00,000+ 50,000 +0+0 = 1,50,000

(65000)+0+25,000+40,000 = 1,50,000

.............................................................................................

35,000+50,000+25,000+40,000 = 1,50,000

b) 6,000+0 +(5000) + 0 = 1000(profit)

.............................................................................................

41,000+50,000+20,000+40,000 = 1,51,000

c) 20,000+ 0 + 0 +(20,000) = 0

.............................................................................................

61,000 + 50,000+20,000+ 20,000 = 151,000

d) (10,000) + 0 + 0 + 0 = (10,000)

.................................................... ...............................,.,.....

51,000+50,000+20,000+20,000 = 141,000

in second point you are not mentions it is sale or purchase but i treated it as purchase...

hope it's helping you