Question

Q. 2. (B) Prove that the Accounting Equation is satisfied in all the following
transactions of Rajaram. Also prepare a Balance Sheet :-
1. Started business with Cash 31,20,000.
2. Purchased a typewriter for Cash for 38,000 for office use.
3. Purchased goods for 350,000 for cash.
4. Purchased goods for 740,000 on credit.
5. Goods costing 360,000 sold for 380,000 on credit.
6. Paid for Rent 31,500 and for salaries 32,000.
7. Received 3800 for Commission,
8. Withdrew for private use 35,000 in cash.
[Ans. Assets : Cash 354,300 + Typewriter 38,000 + Stock 330,000 + Debtors
780,000 = Liabilities : Creditors 340,000 + Capital 31,32,300; Balance Sheet Total
31.72.300.]
L

Answer 1

Answer:

3345632718

Explanation:

34251869027