Question

Transactions of M/s Vipin Traders are given below.
Show the effects on Assets, Liabilities and Capital with the help of accounting
Equation
(a) Business started with cash
1,25,000
(b) Purchased goods for cash
50,000
(c) Purchase furniture from R.K. Furniture
10,000
(d) Sold goods to Parul Traders (Costing 7,000 vide
79,000
bill no. 5674)
(e) Paid cartage
* 100
(1) Cash Paid to R.K. furniture in full settlement
9,700
(g) Cash sales (costing 10,000)
12,000
(h) Rent received
4,000
(1) Cash withdrew for personal use
3,000
(Ans: Asset = cash 78,200 + Goods 33,000 + Furniture 10,000 Debtors
9,000 = * 1,30,200; Liabilities = Capital 1,30,200)
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Answer 1

Answer:

Students who could not attend veattend veattend ve

rification process are required to contact Manali Sankhe madam , Counter no 7 on working days Monday 8/3/2021 to Wednesday 10/03/2021 between 10 am to 1 pm .

Explanation:

Students who could not attend verification process are required to contact Manali Sankhe madam , Counter no 7 on working days Monday 8/3/2021 to Wednesday 10/03/2021 between 10 am to 1 pm .