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Prepare an accounting equation :-

1) Ram introduces cash ₹ 1,00,000; goods ₹50,000; machinery ₹1,00,000 in business.
2) 1/5th of above gooda sold & 12,000 to Mohan.
3) Purchasedgoods from Kishan amounted ₹10,000.
4) Furniture purchased for cash ₹30,000.
5) Purchased good from Mahesh on credit ₹ 25,000.
6) Additional capital introduced ₹20,000.
7)Paid to crediters (Mahesh) in full settlement ₹ 22,500.
8) Depreciation on furnitute provided 10%.
9) Accured interest ₹ 5000.
10) Commission received in advance ₹ 20,000.
11) Goods returned to Kishan amounted ₹ 2,000.
12) Sold goods costing ₹ 40,000 for ₹ 50,000 on credit to Raman.
13) Cash received from Raman ₹ 10,000.
14) Paid rent 1,000 outstanding rent ₹ 500.
15) Interest on capital changed 10% p.a.

↪ Class - XI

↪ Accounting Equation ​

Answer 1

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