Question

on his assets, liabilities and capital.
(i) Ramesh brought Rs.1,35,000 in cash to start business.
(ii) purchased securities for cash Rs. 67,500
E. Ramesh had the following transactions. Use accounting equation to show the
(iii) purchased an office building for Rs. 1,35,000 paying Rs. 45,000 in cas
balance through a loan arranged.
(iv) sold securities costing Rs.9,000 for Rs. 13,500
(v) purchased machinery for cash Rs. 25,200
(vi) rent received in cash Rs. 32,400
(vii) paid cash Rs. 4,500 for loan and Rs.2,700 for interest, of which
prepaid.
(viii) office building expenses paid in cash Rs. 2,700
(ix) dividend on securities received in cash Rs. 1,800.
(Ans: Assets Rs. 2,54,500; Liabilities
Canital R-​

Answer 1

Answer:

69,600

o Expenses relating to sales: Rs. 18,600

o Preliminary expenses: Rs. 11,560

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