Q.2 Give the accounting equation for the following transaction 1. Mr. Sahil started business with cash Rs.100000. 2.Purchased goods on credit from Tanvi stores Rs.9000. 3.Purchase Computer for office use Rs.25000 4.Received interest Rs.2500 5.Paid Electricity bill Rs. 1300.
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Answered by
4
Answer:
Total Assets
=
Cash + Bank + Stock
=
40,500 + 4,500 + 11,200
=
Rs
56,200
Liabilities
=
11,200
Capital = 45,000
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3
Answer:
Cash A/c Dr. 25,000
Bank A/c Dr. 2,00,000
To Capital A/c 2,25,000
(Being the capital introduced).
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