Question

solve give you brainlist​

Answer 1

To Prepare :

Accounting Equation

Accounting Equation :

Assets = Liabilities + Capital

Transactions :

( 1 ) Nakul Commenced Business with Cash ₹80,000

( 2 ) Bought goods for cash ₹ 25,000

( 3 ) Bought Goods from Raman on Credit ₹ 12,000

Solution :

Assets = Liabilities + Capital

Trans. = Cash + Stock =Creditors + Capital

( 1 ). = 80,000 + _ = _ + 80,000

( 2 ). = - 25,000 + 25,000 = _ + _

New Equa. = 55,000+25,000 =_ + 80,000

( 3 ). = _ + 12,000 = 12,000 + _

New Equ. = 55,000 + 37,000 = 12,000 +

80,000

= 92,000 = 92,000

ie, The Accounting Equation Solved.

• Here, Assets are Cash and stock And

The liabilitiy is the creditor, Raman.

✪ Note :

• New Equa. = New Equation

• Trans. = Transactions

• ( 1 ) , ( 2 ) , ( 3 ) = Transactions