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प्रश्न
Prepare accounting equation for the following transactions.
- Murugan commenced business with cash ₹ 80,000
- Purchased goods for cash ₹ 30,000
- Paid salaries by cash ₹ 5,000
- Bought goods from Kumar for ₹ 5,000 and deposited the money in CDM.
- Introduced additional capital of ₹ 10,000
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उत्तर
| Transaction | Assets | Capital ₹ | Creditors ₹ | |||||
| Cash ₹ | + Stock ₹ | + Furniture ₹ | + Debtors ₹ | + Bank ₹ | ||||
| a. Murugan commenced business with cash | + 80,000 | + 80,000 | ||||||
| Equation | + 80,000 | = | + 80,000 | |||||
| b. Cash purchases | − 30,000 | + 30,000 | = | + 80,000 | ||||
| Equation | + 50,000 | + 30,000 | = | + 80,000 | ||||
| c. Paid salary in cash | − 5,000 | − 5,000 | ||||||
| Equation | + 45,000 | + 30,000 | = | + 75,000 | ||||
| d. Credit paid from Kumar and deposited in bank CDM | + 5,000 | − 5,000 | ||||||
| Equation | + 45,000 | + 35,000 | − 5,000 | = | + 75,000 | |||
| e. Introduced additional capital | + 10,000 | + 10,000 | ||||||
| Equation | + 55,000 | + 35,000 | − 5,000 | = | + 85,000 | |||
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संबंधित प्रश्न
A firm has assets of ₹ 1,00,000 and the external liabilities of ₹ 60,000. Its capital would be ___________.
The incorrect accounting equation is _____________.
Which one of the following is representative personal account?
Write any one transaction which decreases the assets and decreases the liabilities
Write a brief note on accounting equation approach of recording transactions.
What is an Account?
What are the three different types of personal accounts?
Complete the accounting equation.
Assets = Capital + Liabilities
₹ 2,00,000 = ? + ₹ 40,000
For the following transactions, show the effect on the accounting equation.
- Raj started business with cash - ₹ 40,000
- Opened bank account with a deposit of - ₹ 30,000
- Bought goods from Hari on credit for - ₹ 12,000
- Raj withdrew cash for personal use - ₹ 1,000
- Bought furniture by using debit card for - ₹ 10,000
- Sold goods to Murugan and cash received - ₹ 6,000
- Money withdrawn from bank for office use - ₹ 1,000
Create an accounting equation on the basis of the following transactions:
- Rakesh started business with a capital of ₹ 1,50,000
- Deposited money with the bank ₹ 80,000
- Purchased goods from Mahesh and paid through debit card ₹ 25,000
- Sold goods (costing ₹ 10,000) to Mohan for ₹ 14,000 who pays through debit card
- Commission received by cheque and deposited the same in the bank ₹ 2,000
- Paid office rent through ECS ₹ 6,000
- Sold goods to Raman for ₹ 15,000 of which ₹ 5,000 was received at once
