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प्रश्न
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
खातेवही
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उत्तर
| Transaction | Assets | Capital ₹ | + Liabilities ₹ | |||||
| Cash ₹ | Stock ₹ | Debtors ₹ | Insurance Prepaid ₹ | |||||
| i. Started business with cash ₹ 80,000 and goods ₹ 75,000 | + 80,000 | + 75,000 | + 1,55,000 | |||||
| Equation | + 80,000 | + 75,000 | = | + 1,55,000 | ||||
| ii. Sold goods to Shanmugam on credit | − 50,000 | + 50,000 | ||||||
| Equation | + 80,000 | + 25,000 | + 50,000 | = | + 1,55,000 | |||
| iii. Cash from received Shanmugam in full settlement ₹ 49,000 | + 49,000 | − 50,000 | − 1,000 | |||||
| Equation | + 1,29,000 | + 25,000 | + 0 | = | + 1,54,000 | |||
| iv. Salary outstanding | − 3,000 | + 3,000 | ||||||
| Equation | + 1,29,000 | + 25,000 | + 0 | = | + 1,51,000 | + 3,000 | ||
| v. Goods costing ₹ 1,000 given as charity | − 1,000 | − 1,000 | ||||||
| Equation | + 1,29,000 | + 24,000 | + 0 | = | + 1,50,000 | + 3,000 | ||
| vi. Insurance premium paid | − 3,000 | − 3,000 | ||||||
| Equation | 1,26,000 | + 24,000 | + 0 | = | + 1,47,000 | + 3,000 | ||
| vii. Out of insurance premium paid, prepaid | − 500 | + 500 | ||||||
| Equation | 1,25,500 | + 24,000 | + 0 | + 500 | = | + 1,47,000 | + 3,000 | |
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संबंधित प्रश्न
‘Cash withdrawn by the proprietor from the business for his personal use’ causes ____________.
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
What is an Account?
What are the three different types of personal accounts?
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
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
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
