Question

Q. 1 Prepare a chart showing Analysis of the following transactions in a Tabular form according
Decrease in Assets
Decrease in Capital
PRACTICAL PROBLEMS
to Traditional Approach:
3;
1.
Rajasaheb started business with cash 385,000.
2. Goods Purchased for cash 5,000.
Sold goods on credit worth 36,000.
4 Cash deposited into Bank of Maharashtra 3 12,000.
5. Interest received * 700 from Radhika.
6. Paid Rent 2,000 to landlord.
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Answer 1

Answer:

to Traditional Approach:

1. Rajasaheb started business with cash ₹85,000.

2. Goods Purchased for cash ₹5,000.

3. Sold goods on credit worth ₹6,000.

Cash deposited into Bank of Maharashtra * 12,000.

5. Interest received ₹700 from Radhika.

Paid Rent ₹2,000 to landlord.

7. Bought goods on credit from Birajmohan ₹37,000.

8. Withdrew cash from bank ₹1,000 for personal use.

9. Purchased computer ₹9,000 for cash.

10. Paid Mobile bill (office) ₹500.

11. Sold old Mobile ₹2,000.

12. Received Rent ₹1,000 from