Question

Show Accounting Equation लेखांकन समीकरण बनाएं (1) Started business with cash Rs 10, 000(व्यवसाय प्रारंभ किया) (2)Purchased goods for cash Rs 5000 ( नकद माल खरीदा) (3)Salary paid Rs500 (किराया दिया) (4) Cash withdrawn for private use Rs 500, (व्यक्तिगत प्रयोग के लिए निकाले)​

Answer 1

Assets = Liabilities + Capital

Here, we did the Accounting equation.

On the first transaction :

Started business with cash ₹10,000

We increase the value in cash and capital . Asset and capital.

Purchased goods for cash ₹5000.

We decrease the cash ₹5000 , because of the transaction made by cash .And increase the ₹5000 in stock due to the purchase of goods.

Salary paid ₹500.

We decrease the salary of employers in cash and capital.( assets and capital )

Cash withdrawn ₹500 for private use

Here, we also decrease the value of asset ( cash ) and capital too.

So, The assets side and ( liabilities nd Capital ) side equals..

9000 = 9000