Question

(g) Paid rent
(d) Purchased val
(e) Paid to creditors in full settlement
38.000
( Sold goods for cash costing 5,000
4,500
1.000
(h) Commission received in advance
2,000
Prepare the Accounting Equation to show the effect of the above transactions on the Assets,
Liabilities and Capital.
(N.C.E.R.T.)
Ans. Assets = Cash * 17,500 + Machine 40,000 + Goods = 15,000 = 72,500; Liabilities =
Advance Commission * 2,000 + Capital 70,500 = 72,500]
25. Use Accounting Equation to show the effect of the following transactions of M/s Royal Traders :
Started business with cash
(ii) Purchase Goods for cash
1.20.000
10,000
(ii) Rent received
5,000
(iv) Salary outstanding
2,000
(v) Prepaid Insurance
1,000
(vi) Received interest
700
(vii) Sold Goods for cash (Costing 5,000)
7,000
(viii Goods destroyed by fire
500
(N.C.E.R.T.)
(Ans. Assets = Cash * 1,21,700 + Stock 4,500 + Prepaid Insurance * 1,000, Liabilities =
Outstanding Salary * 2,000 + Capital 1,25,200]
6. Show the effect of the following transactions on Assets, Liabilities and Capital through
Accounting Equation :
₹
(i) Started business with cash
1,20,000
(ii) Rent received
10,000​

Answer 1

Answer:

eitna bada question nahi aata sorry