Question

prepare accounting equation
1. Sajag paid into bank as ₹8,00,000 which comprise 80% as his capital and balance
Loan taken from SFC.
2. Purchased goods from Kiya of the list price of ₹2,00,000 at 10% trade discount.
3. 1/4th of the above goods returned to Kiya for not being up to sample.
4. Rent due but not paid ₹4,000
5. Sold 40% of the goods in stock at a profit of 33.33% on cost and received half amount in
cash.
6. Security Deposit made with MTNL ₹3,000.
7. Settled Kiya’s account by paying through cheque at 5% discount.
8. Paid Insurance ₹1,200 . Out of which 3 months insurance is in advance.
9. Interest earned but not received ₹4,000.
10. Provide interest on Capital at 10%.

Answer 1

Answer:

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