Question

• Understanding - marked (U) • HOTS-marked (H)
(Q. Nos. 1 to 22 are strictly in order of Illustrations)
Based on Accounting Equation
U 1. Show the accountings equation on the basis of the following tra
and prepare a balance sheet on the basis of last equation :
1. Ram commenced business with cash
2. Purchased goods for cash
3. Bought furniture for cash
4. Bought goods on credit
5. Paid rent
6. Sold goods costing * 8,000 for cash
[Ans. Cash 24,500 + Stock 17,500 + Furniture 5,000 -
15.500 + Canita​

Answer 1

Answer:

22

Explanation:

• Understanding - marked (U) • HOTS-marked (H)

(Q. Nos. 1 to 22 are strictly in order of Illustrations)

Based on Accounting Equation

U 1. Show the accountings equation on the basis of the following tra

and prepare a balance sheet on the basis of last equation :

1. Ram commenced business with cash

2. Purchased goods for cash

3. Bought furniture for cash

4. Bought goods on credit

5. Paid rent

6. Sold goods costing * 8,000 for cash

[Ans. Cash 24,500 + Stock 17,500 + Furniture 5,000 -

15.500 + Canita