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प्रश्न
The incorrect accounting equation is _____________.
विकल्प
Assets = Liabilities + Capital
Assets = Capital + Liabilities
Liabilities = Assets + Capital
Capital = Assets – Liabilities
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उत्तर
The incorrect accounting equation is Liabilities = Assets + Capital.
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संबंधित प्रश्न
Real account deals with ____________.
Which one of the following is representative personal account?
Write any one transaction which decreases the assets and decreases the liabilities
Write any one transaction which increases one asset and decreases another asset
How are personal accounts classified?
What is an Account?
Classify the accounts with suitable examples.
What are the three different types of personal accounts?
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
Create an accounting equation on the basis of the following transactions:
- Started business with cash ₹ 80,000 and goods ₹ 75,000
- Sold goods to Shanmugam on credit for ₹ 50,000
- Received cash from Shanmugam in full settlement ₹ 49,000
- Salary outstanding ₹ 3,000
- Goods costing ₹ 1,000 given as charity
- Insurance premium paid ₹ 3000
- Out of insurance premium paid, prepaid is ₹ 500
