Question

(v11) Sold gouus
18. Show +
(a) i
(c)
(ix) Purchased furniture for
(Assets: 773,000 = LIQUID
14. Raghunath had the following transactons in an accounting year:
(1) Commenced business with cash 50,000.
(ii) Paid into bank * 10,000.
(iii) Purchased goods for cash 20,000 and credit * 30,000.
(iv) Sold goods for cash 40,000 costing * 30,000.
() Rent paid 500.
(vi) Rent outstanding * 100.
(vii) Bought furniture 5,000 on credit.
(viii) Bought refrigerator for personal use 5,000.
(ix) Purchased motorcycle for cash 20,000.
Calcula
19. Ift
the
20. If
liabilities and capital and also show his final Balance Sheet.
Create an Accounting Equation to show the effect of the above transactions on his
[Assets: 789,500 = Liabilities: 35,100 + Capital: 75 21.​

Answer 1

Answer:

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