Question

Q. 2. (A) Show the Accounting Equation on the basis of the following and present
a balance sheet on the last new equation balances :
(0) Manu started business with cash
(ii) Bought furniture for
(i) Purchased goods on credit
(iv) Sold goods on cash (cost 500) for
(v) Received rent
(vi) Purchased goods for cash
(vii) Withdrew for personal
(viii) Paid to creditors
(ix) Paid for salaries
50,000
500
4,000
700
200
1,000
700
400
200
use
wears
+ C4-cach.
[Ans. Assets : Cash 48,100 + furniture 500 + stock 4,500 = Liabilities:
creditors 3,600 + capital 49,500; Balance Sheet total 53,100.]
Q. 2. (B) Prove that the Accounting Equation is satisfied in all the following
transactions of Rajaram. Also prepare a Balance Sheet :-
X. Started business with Cash 31,20,000.
2. Purchased a typewriter for Cash for 8,000 for office use.
Purchased goods for 50,000 for cash.​

Answer 1

Answer:

10000000000000000000000