Advertisements
Advertisements
प्रश्न
What will be the effect of the following on the accounting equation?
- Sunil started business with ₹ 1,40,000 cash and goods worth ₹ 60,000
- Purchased furniture worth ₹ 20,000 by cash
- Depreciation on furniture ₹ 800
- Deposited into bank ₹ 40,000
- Paid electricity charges through net banking ₹ 500
- Sold goods to Ravi costing ₹ 10,000 for ₹ 15,000
- Goods returned by Ravi ₹ 7,500 (costing ₹ 5,000)
खाता बही
Advertisements
उत्तर
| Transaction | Assets | Capital ₹ | Creditors ₹ | |||||
| Cash ₹ | + Stock ₹ | + Furniture ₹ | + Debtors ₹ | + Bank ₹ | ||||
| a. Sunil started business with cash and goods | + 1,40,000 | + 60,000 | + 2,00,000 | |||||
| Equation | + 1,40,000 | + 60,000 | = | + 2,00,000 | ||||
| b. Purchased furniture for cash | − 20,000 | + 20,000 | ||||||
| Equation | + 1,20,000 | + 60,000 | + 20,000 | = | + 2,00,000 | |||
| c. Depreciation on furniture | − 800 | − 800 | ||||||
| Equation | + 1,20,000 | + 60,000 | + 19,200 | = | + 1,99,200 | |||
| d. Deposited into bank | − 40,000 | + 40,000 | ||||||
| Equation | + 80,000 | + 60,000 | + 19,200 | + 40,000 | = | + 1,99,200 | ||
| e. Paid electricity charges through net banking | − 500 | − 500 | ||||||
| Equation | + 80,000 | + 60,000 | + 19,200 | + 39,500 | = | + 1,98,700 | ||
| f. Sold to Ravi goods costing ₹ 10,000 for ₹ 15,000 | − 10,000 | + 15,000 | + 5,000 | |||||
| Equation | + 80,000 | + 50,000 | + 19,200 | + 15,000 | + 39,500 | = | + 2,03,700 | |
| g. Goods returned by Ravi | + 5,000 | − 5,000 | ||||||
| Equation | + 80,000 | + 55,000 | + 19,200 | + 10,000 | + 39,500 | = | + 2,03,700 | |
shaalaa.com
Approaches of Recording Transactions
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
APPEARS IN
संबंधित प्रश्न
Accounting equation signifies ___________.
The incorrect accounting equation is _____________.
Which one of the following is representative personal account?
What is the accounting equation?
Write any one transaction which increases one asset and decreases another asset
What is an Account?
Classify the accounts with suitable examples.
Complete the accounting equation.
Assets = Capital + Liabilities
₹ 1,00,000 = ₹ 80,000 + ?
Complete the accounting equation.
Assets = Capital + Creditors
? = ₹ 1, 60,000 + ₹ 80,000
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
